The subsequent easing of short-term rates has again led to companies going to the CP market in place of higher-cost borrowings from banks. Funds raised through CPs, which were at Rs. 36,702 crore in June and which fell to Rs. 29,520 crore in July and further to just Rs. 7,652 crore in August, saw a reversal of trend in September with Rs. 18,684 crore being raised, a press release from Prime said.