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ECB Touched A Historic High In 2018-19

ECB Touched A Historic High In 2018-19

External commercial borrowings (ECB) touched a historic high in 2018-19. Indian entities, primarily led by large corporates and oil marketing companies (OMCs), borrowed as much as $41 billion during the financial year, registering a 58% increase from the previous year’s tally of $26 billion. The earlier high was $31 billion, achieved in 2014-15. Top borrowers […]