India Credit Woes Ease Further as Dollar Loan Pipeline Rebounds
- Local borrowers are seeking at least $5 billion dollar loans
- Better funding access to help refinance record offshore debt
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Indian companies are lining up the most dollar loans since the pandemic worsened, as stimulus steps boost investor sentiment and help ease a credit crunch.
Borrowers have sought at least $5 billion of dollar facilities since July 1. If they sign them this quarter, it would be the most since the first quarter. The Covid-19 crisis dragged volumes to the lowest since 2009 in the three months through June.