The Reserve Bank on Wednesday changed the guidelines for external commercial borrowings (ECBs) for telecom companies by allowing them to use the fund raised abroad to participate in 3G spectrum auction but tightened the norms.
Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank`s exceptional loan support measures, analysts say.
Funds raised by India Inc as external commercial borrowings declined by 64 percent during 2008-09 on account of tight liquidity in the global markets triggered by collapse of Lehman Brothers.
The European Central Bank on Thursday
retained its key rate at one per cent, amid the constituent
countries continuing to grapple with the economic turmoil.
Day in Pics: 27th August
August 27, 2014
Bang Bang - Movie Stills and Promotion