Note4Students: External Commercial Borrowings An external commercial borrowing(ECB) is an instrument used in India to facilitate the access to foreign money by Indian corporations and PSUs (public sector undertakings). ECBs include commercial banks loans, buyers’ credit, suppliers’ credit, securitised instruments such as floating rate notes and fixed rate bonds etc., credit from official export credit agencies … Continue reading FDI and FPI in India, External Commercial Borrowings, Foreign Exchange Reserves in India