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Prologue to ECB. External Commercial Borrowings (ECBs) include bank loans, suppliers\' and buyers\' credits, fixed and floating rate bonds (without convertibility) and borrowings from private sector windows of multilateral Financial Institutions such as International Finance Corporation. Euro-issues include Euro-convertible bonds and GDRsIn India, External Commercial Borrowings are being permitted by the Government for providing an additional source of funds to Indian corporate and PSUs for finan35645

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