A number of additional announcements, besides policy decisions and macroeconomic outlooks, made the October MPC review special, particularly for the financial services space. Two days later, the RBI released draft rules aimed at promoting operational ease and systemic simplification to enable companies to borrow funds in foreign-currency instruments. The central bank chose to do this instead of introducing a brand new borrowing facility.

Businesses were already allowed to raise funds in foreign currencies through different routes including foreign currency loans. The proposal changes three main things for corporate borrowers -- aimed at ensuring that companies with strong financials get better access to foreign capital.

Here's an overview of these draft norms and what exactly changes for

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