|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
India will raise limits on external commercial borrowings (ECBs) for corporates if needed, a finance ministry official said on Thursday, adding, there is a strong demand for yuan-denominated debt from Indian corporates.
Hurt by 13 interest rate increases by the Indian central bank in the past 18 months, corporates have borrowed $17.75 billion through overseas borrowings in the first half of the current financial year, a finance ministry estimate showed.
Indian firms had borrowed $24.62 billion from overseas in the last fiscal year that ended on March 31, 2011.