Indian firms' ECB proposals rise 25.8% to $4.73 billion in May
after close1 source ↓written by the desknot a recommendation
- in proposals
- 25.8% increase
- totaling
- $4.73 billion
- Corporation led
- $1.11 billion
- while NTPC sought
- $750 million
The Reserve Bank of India reported a 25.8% increase in proposals for external commercial borrowings (ECB) in May, totaling over $4.73 billion. The Indian Railway Finance Corporation led with $1.11 billion, while NTPC sought $750 million. This surge reflects strong NRI interest in higher returns from ECBs and related initiatives, indicating potential liquidity inflows for banks.
• Indian Railway Finance Corporation: $1.11 billion
• NTPC: $750 million
The trend may enhance funding availability for infrastructure projects and boost market sentiment.
Not investment advice. For informational purposes only.