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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.
RBI limits total outstanding ECBs to 6.5% of GDP
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