Indian PSUs Pivot to Overseas Markets as RBI Opens ECB Swap Window
Major Indian public sector undertakings (PSUs), including NTPC and IndianOil, are currently evaluating substantial dollar-denominated borrowings following the Reserve Bank of India’s (RBI) decision to reopen the External Commercial Borrowing (ECB) swap window. This strategic shift, bolstered by the Housing and Urban Development Corporation’s (HUDCO) plan to raise $1 billion from international markets, signals a…
