Current account deficit narrows to 0.9% of GDP in July-September quarter on lower trade deficit: RBI
In the first half of the current fiscal, the CAD narrowed to 1.5 percent of GDP from 2.6 percent in the same period in FY2018-19 on the back of a reduction in the trade deficit.
India Inc seeking dollar borrowings as global interest rates soften; lower-rated firms will struggle to secure offshore funds
And among those aiming for dollar-debt are renewable energy firms Adani Green Energy Ltd, Greenko Group and Azure Power, according to people knowledgeable about their plans.
India Inc's external commercial borrowings (ECBs) fell by 45 percent to $2.42 billion in January 2019 as compared to the year-ago period, data from RBI has showed
Realty sector seeks extension of tax holiday sunset clause for SEZs to boost office demand, drive fresh investments
From a real estate developer’s perspective, increasing the scope of affordable housing projects qualifying for the tax holiday would make it more attractive for new project investments.
The Reserve Bank of India (RBI) on Thursday announced a cap on the outstanding stock of external commercial borrowings (ECB) at 6.5 percent of GDP at current market prices.
RBI move on ECB is good; will ease pressure on cost of borrowing, encourage firms to borrow more from market
The idea is to have it more predictable so that companies can play around with their choice of borrowing.
RBI eases hedging norms for external commercial borrowings by reducing provision to 70% from current 100%
The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years, the RBI said in a notification
With the rupee continuing to touch new lows, the Reserve Bank on Wednesday allowed forex borrowings for working capital by oil marketing companies--the largest consumers of foreign currency--under the automatic route with immediate effect.
The rupee has depreciated more than 10 percent against the US dollar since January 2018 and was at Rs 72.1 against the dollar as of 21 September.
Govt moves to arrest rupee depreciation may not drive fund inflows, negative from long-term perspective, says report
The government measures will have a sentimental impact on the market and the rupee trajectory "might not see a full reversal of the appreciation move of the last couple of days", it said.
The short-term external debt was $84.7 billion in March, showing a decline of 7.6 percent over the March 2014 level.
Given our current account deficit, it may be better to get into physical controls for a while. A gold import ban would would better than an import duty hike
In 2011, India Inc's sources of funding started drying up. External borrowings - the only big hope - are now a fading option as the rupee crashes