Indian companies raised USD 2.19 billion from overseas markets in November through external commercial borrowings and foreign currency convertible bonds.
In October, they had raised USD 1.93 billion from abroad.
As many as 41 firms raised money from external sources in November. Of these, 34 raised USD 948.27 million through the automatic route for which no approval is required from the Reserve Bank or the government.
Seven firms raised a total of USD 1.23 billion through the approval route that requires permission from RBI.
Under the approval route, Hindustan Petroleum Corporation ltd raised USD 500 million for working capital requirements, Reliance Industries USD 300 million for import of capital goods and Rural Electrification Corporation raised USD 285 million for onward (sub-lending).
Under the automatic route, Indian Railway Finance Corp raised USD 400 million for railways work, Oil India USD 250 million for mining, exploration and refining and ONGC Mangalore Petrochemicals raised USD 60 million for a new project.