Flipkart, Exim Bank Anchor $8.13 Billion in August External Borrowing Proposals
Indian companies sought $8.13 billion in external commercial borrowings in August, up 6% from $7.70 billion in the previous month, underscoring continued appetite for offshore funding despite a volatile global rate environment. Flipkart Internet Pvt Ltd’s proposed $1.14 billion foreign loan and large financing plans from Power Finance Corporation highlight how both private and state-linked borrowers are tapping overseas markets for expansion and refinancing.
