Due to the Corona pandemic, not only the country but the whole world has been greatly affected, it has had a tremendous impact in every region of the world. Meanwhile, on Monday, the Reserve Bank said that there has been a huge reduction in foreign debt of Indian companies. Foreign debt fell by 47 percent to Rs 12.82 thousand crores in August.
According to the Reserve Bank of India, in August 2019, domestic companies took an international loan of Rs 24.33 thousand crores. Out of the total loan taken in August this year, Rs 11.79 thousand crores has been raised as an external commercial loan, while Rs 1,066 crore has been taken as a spice bond.
Along with this, the Reserve Bank of India said that domestic companies took a loan of 11.49 thousand crores from the automatic route while the amount of 263 crores was raised through permission. Foreign debt-raising companies include chemical products manufacturers Reliance Sieber, Vijayapura Tollway, China Steel Corporation India, BMW India Financial Services, Birla Carbon India, Suzlon Energy, etc. This time, there has been a lot of change in Indian markets.
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