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 Wysłany: Nie 1:39, 25 Sie 2013 Temat postu: more funds thru ECB route in Apr-spun2 |
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more funds thru ECB route in Apr,Peuterey Jacket online
Ample offshore liquidity helped India Inc raise 23 percent more through external commercial borrowings within the first 10 months of the current financial year compared to the related period this past year.
Within the April 2010 to January 2011 period,Roger vivier outlet, Indian companies mopped up $18.703 billion through ECBs ($15.154 billion within the April 2009 to January 2010 period).
Ample liquidity in the offshore markets on account of the 2nd round of quantitative easing helped Indian companies raise cheap funds through ECBs, said Mr Moses Harding,parajumpers jackets outlet, Executive Vice-President Head - Global Markets Group,peuterey jacket products, IndusInd Bank.
Using the 6 months benchmark London Inter-Bank Offered Rate hovering around 0.50 per cent,giuseppe zanotti, a blue-chip Indian corporate could raise resources in the overseas market at about 3.Half,giuseppe zanotti sandals, with an un-hedged basis,parajumpers outlet store, he added.
However,giuseppe zanotti shoes, the ample liquidity situation is gradually giving method to a short-supply situation,giuseppe zanotti heels, with the Indian equity market witnessing a reversal in flows, said Mr Moses.
Among the firms that raised money through ECB in January 2010 under the approval route are Rural Electrification Corporation ($500 million for on-lending towards the power sector) and Reliance Communications Ltd ($255 million to refinance rupee loan taken for paying the 3-G spectrum),Roger vivier outlet.
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