Net ECB inflows more than double in Apr-Feb; highest in at least 5 years

Net inflows through external commercial borrowing (ECB) more than doubled to $20.3 billion in the period April last year to February this year over the same duration a year earlier, partly driven by a decline in the cost of overseas funds.

 

The inflows were the highest in at least five years.

 

Net inflows during April 2023-February 2024 stood at $8.8 billion, according to the Reserve Bank of India (RBI) data.

 

In February this year, net inflows were $1.9 billion, up from $1.3 billion in the same month last year.

 

On a cumulative basis, ECB registrations ($50.1 billion) and disbursements ($46.1