BSP loosens FX controls to lure foreign capital
Feb 23, 2016
India: Easier FX borrowing, but 100% hedging mandated
In a bid to ease access to capital, the RBI opened up foreign currency borrowing rules. But a 100% hedging mandate is an added obstacle.
In order to ease the medium-term funding pressure for the infrastructure sector in the country, the Reserve Bank of India (RBI) on March 30 announced its revised framework for overseas borrowings – also known as external commercial borrowings (ECBs) in India.
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