Indian companies could raise as much as $100 billion through external commercial borrowings (ECBs) in 2026-27, up from a record $61.18 billion in 2024-25, after the Reserve Bank of India (RBI) eased key overseas borrowing rules. With RBI allowing higher borrowing, removing pricing restrictions and relaxing the end-use, some market participants said the volume could even double from the previous financial year if structured credit and acquisition-linked deals increasingly move overseas.