The Reserve Bank of India has proposed draft rules to ease foreign currency borrowings for Indian companies. The framework expands eligible borrowers and lenders, links limits to financial strength, simplifies regulations, and allows market-determined interest rates for external commercial borrowings

New Delhi: The Reserve Bank of India (RBI) on Friday released draft rules to make it easier for Indian companies to raise money in foreign currencies. The central bank has suggested widening the pool of both borrowers and lenders who can take part in external commercial borrowings (ECBs).

“As announced in the statement on developmental and regulatory policies dated October 01, it has been decided to rationalise regulations about external commercial borrowing (ECB) included in the Foreign Ex

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