Indian companies get better rates for Foreign Loans

Indian companies have managed to borrow more from overseas markets and that too at lower rates since the new government took office, according to latest data from the Reserve Bank of India (RBI). At the same time, their weighted average margin for floating rate loans came down to below 3 per cent over 6 month London Inter bank Offered Rate (LIBOR) from 4 per cent. For fixed rate loans, the minimum rate came down nearly 200 basis points to 10.5% against over 12.5 % in the same period a year ago.