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 Posted: Sun 21:21, 01 Sep 2013 Post subject: more funds thru ECB route in Apr-spun5 |
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more funds thru ECB route in Apr,http://rogerviviershoesshoponline.webmium.com/
Ample offshore liquidity helped India Inc raise 23 percent more through external commercial borrowings within the first 10 months of the current financial year compared to the related period this past year,peuterey jacket products.
Within the April 2010 to January 2011 period, Indian companies mopped up $18.703 billion through ECBs ($15.154 billion within the April 2009 to January 2010 period).
Ample liquidity in the offshore markets on account of the 2nd round of quantitative easing helped Indian companies raise cheap funds through ECBs,roger vivier shoes shop online, said Mr Moses Harding,jordans shoes for sale, Executive Vice-President Head - Global Markets Group,http://wheretobuyrogerviviershoes.webmium.com/, IndusInd Bank.
Using the 6 months benchmark London Inter-Bank Offered Rate hovering around 0.50 per cent,woolrich deutschland, a blue-chip Indian corporate could raise resources in the overseas market at about 3.Half, with an un-hedged basis, he added.
However,Peuterey outlet, the ample liquidity situation is gradually giving method to a short-supply situation,woolrich outlet, with the Indian equity market witnessing a reversal in flows,woolrich deutschland women online shop, said Mr Moses.
Among the firms that raised money through ECB in January 2010 under the approval route are Rural Electrification Corporation ($500 million for on-lending towards the power sector) and Reliance Communications Ltd ($255 million to refinance rupee loan taken for paying the 3-G spectrum),Peuterey Jacket outlet.
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