Tag: Rupees

global interest rates

Bank of Baroda expects ECB inflows to reduce as interest rates rise and the currency depreciates

According to Bank of Baroda, corporate India’s offshore fundraising through external commercial borrowings (ECBs) may reduce in the coming months as monetary policy tightens and the rupee continues to depreciate. ECBs have become a significant source of funding for businesses, including public sector entities. In reality, as of the end of December 2021, ECBs amounted for 36.8% of India’s external…

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