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Finance

RBI relaxes ECB norms to prop up rupee

Updated : September 20, 2018 06:34 AM IST

Till date, ECB up to $50 million or its equivalent could be raised by eligible borrowers with minimum average maturity period of three years.
The decision to revise the minimum average maturity period of three years to one year was part of the five measures announced by the government last week after Prime Minister Narendra Modi held an economic review meeting.
RBI relaxes ECB norms to prop up rupee
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