The rupee interest rates have traditionally been much higher than rates prevailing in the international markets. Under these circumstances it makes sense to borrow in currencies other than the rupee, as it gives the advantage of lower interest rate. RBI guidelines now allow corporate to borrow the funds required for its capital expenditure in foreign currencies from international markets to take advantage of lower interest rates and of rise in the rupee.
Even if you hedge the current fluctuations using forward premiums, it works out cheaper to borrow in international currency than in rates.
We can arrange for best deals for ECB requirements of the corporate both in terms of interest rates and other commercial terms.