India Inc's foreign borrowings fall 9 pc to USD 2.81 bn in Feb
Among the major borrowers were Oil India Ltd (USD 550 million for overseas investment), Indian Oil Corporation (USD 400 million as working capital loan), Shriram Transport Finance Company (USD 400 million for sub-lending) and Mahindra & Mahindra Financial Services (USD 300 million for sub-lending).
No firms tapped the rupee-denominated bonds route to borrow capital from foreign markets during February, Photo: Reuters