<p>The total overseas loans raised by over 40 companies through external commercial borrowings (ECB) and foreign currency convertible bond (FCCB) moved up from $ 1.94 billion in June to $ 2 billion in July, according to the ECB data, released by the RBI on Thursday.<br />Of the total borrowings, $1.94 billion was raised through automatic route and $ 74 million was mopped up through approval route.<br /><br />The ECB data for July showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things.</p>
<p>The total overseas loans raised by over 40 companies through external commercial borrowings (ECB) and foreign currency convertible bond (FCCB) moved up from $ 1.94 billion in June to $ 2 billion in July, according to the ECB data, released by the RBI on Thursday.<br />Of the total borrowings, $1.94 billion was raised through automatic route and $ 74 million was mopped up through approval route.<br /><br />The ECB data for July showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things.</p>