Indian companies garnered $2.7 billion (Rs 13,500 cr) from overseas markets in January, much lower than $4.46 billion (Rs 22,300 crore) raised in December, according to RBI.
They raised over $2.7 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), showed the Reserve Bank of India data.
In January, 73 Indian firms including Power Grid Corp, Adani Power and Videocon Industries raised money from overseas markets.
Five entities mopped up about $1.74 billion (Rs 8,700 crore) through the automatic route - whereby a company can raise as much as $750 million (Rs 3,750 crore) from overseas without prior RBI approval.
Meanwhile, under the approval route, five companies raised around $917.69 million (Rs 4,600 crore) through ECBs.
State-owned Power Grid Corp raised $640.50 million (Rs 3,000 crore) in two tranches for its projects, while Videocon Industries garnered $178.5 million (Rs 900 crore) for import of capital goods.
Nuclear Power Corp of India raised $250 million (Rs 1,250 crore) for power projects and Adani Ports and SEZ raised $225 million for ports development programme through the automatic route.
Further, Adani Power garnered $150 million (Rs 850 crore) for various projects.
