India Inc borrowed $4.6 billion from overseas markets in February

Indian corporates raised about $4.60 billion in external commercial borrowing (ECB) in February, data from the Reserve Bank of India (RBI) showed Monday. This was 14% less than the ECB raised in January. Out of the total overseas mobilisation in February, $4.20 billion was raised through the automatic route for which no prior approval is required either from the government or the central bank.The balance $400 million was raised by Piramal Finance using the approval route, the RBI said.Over 100 c...