(Reuters) - India has tightened overseas borrowing rules, making it harder for less creditworthy and smaller local companies to raise funds, which analysts said would curb soaring capital flows and calm the hot real estate sector.
The finance ministry said in a statement late on Friday that the ceiling has been lowered to 150 basis points over six-month Libor from the earlier 200 basis points for overseas borrowings by Indian companies for maturities between three and five years.
Read more at Reuters Africa
The finance ministry said in a statement late on Friday that the ceiling has been lowered to 150 basis points over six-month Libor from the earlier 200 basis points for overseas borrowings by Indian companies for maturities between three and five years.
Read more at Reuters Africa
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