RBI limits total outstanding ECBs to 6.5% of GDP
Updated : December 21, 2018 05:59 AM IST
Based on the gross domestic product (GDP) figures at March-end 2018, the soft limit works out to $160 billion for the current financial year, the RBI said in a statement.
The decision to have a "rule-based dynamic limit" for outstanding stock of ECB at 6.5 percent of GDP at current market prices has been taken in consultation with the government, the RBI added.
Published : December 20, 2018 06:54 PM IST