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Rupee weakness to hit infra projects funded via ECBs
June 14, 2013June 14, 2013by In Infrastructure Finance

Rupee weakness to hit infra projects funded via ECBs

India Ratings & Research (Ind-Ra) said the ongoing depreciation of rupee against the dollar is eroding the cost advantage of external commercial borrowing (ECB) for domestic infrastructure projects. companies preferred to raise funds through ECB as interest rate charged on such loan is cheaper that credit in the local market