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Short-term ECBs plummet
Indian companies’ external commercial borrowings (ECBs) of less than five-year maturity periods, or short-term borrowings, have seen a sharp drop. They’ve fallen from 40 per cent of the total in 2007-08 to 11 per cent in April-January of 2011-12.
ECBs of longer maturity periods have considerably grown, with the percentage of between five and seven-year maturities growing from 45.8 per cent
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