Mumbai, Oct 29 (PTI) Total external commercial borrowing (ECB) filings by corporates increased by 5.6 per cent month-on-month to USD 8.13 billion in August, supported by the Reserve Bank of India's (RBI) special USD-INR Forex Swap facility, according to the central bank's data.
In July, total filings stood at USD 7.69 billion, RBI's data showed.
Of the total filings in August, intent under general permission stood at USD 7.95 billion, and under special permission at USD 180 million, data showed.
Among the prominent firms that filed intent in August 2026 with the RBI is Flipkart Internet for USD 1.14 billion, for on-lending or sub-lending, with a three-year maturity.
Power Finance Corporation filed intent for USD 775 million for general corporate purposes, with a four-year, nine-month maturity. RBI data showed that REC and Indian Oil Corporation each filed for USD 500 million for general corporate purposes and expansion or modernisation of existing units, respectively.
ECBs are commercial loans raised by eligible resident entities from recognised non-resident entities.
The central bank introduced the special FCNR-B window during the June monetary policy committee (MPC) meeting, including currency-hedging costs, to increase foreign capital inflows and bolster India's external position.
The RBI's special forex measures mobilised USD 136.38 billion by August 31, including USD 127.23 billion through FCNR(B) deposits, USD 5.26 billion through OFCBs and USD 3.89 billion via ECBs, according to the RBI's data.
The FCNR(B) window was closed a month early on August 31 due to the strong response, while the ECB/OFCB facility remains open till December 31 and inflows through these routes are expected to pick up.
