Borrowing by India Inc from foreign sources jumped over two times from a year ago to $4.4 billion in October this year, data from the Reserve Bank of India showed on Thursday.
The fund raised by Indian companies through external means stood at $1.77 billion in October 2016.
Of the total amount, over $1.40 billion came in through automatic route of the fund raise mechanism and $4.09 billion was borrowed through approval channel.
The rest of $314.99 million was sourced by floating rupee denominated bonds by Indian firms in overseas markets.
Among the major borrowers include Reliance Jio Infocom Ltd $1.5 billion, Reliance Industries $991.27 million.
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