Indian firms' external borrowing rises 4-fold in Aug
Indian companies' external commercial borrowing jumped by over four times to $3.17 billion in August, RBI data stated. Of this, $586.57 million was raised via the approval route while $2.59 billion was generated through the automatic route. The major borrowers using the automatic channel included EXIM Bank which mopped up $1 billion and Adani Transmission which raised $500 million.