RBI takes step towards full CAC, liberalises ECB
Q. RBI liberalised ECB framework by _______ the limit for Indian companies for raising funds with minimum average maturity of 3 years.- Published on 01 Dec 15
d. None of the above
Reserve Bank of India has taken the step towards fuller capital account convertibility by liberalising the ECB framework by increasing the limit for Indian companies for raising funds with minimum average of 3 years to USD 50 million from 20. Companies can also take ECB route now for raising 10 year funds capped 5 years now. RBI has also expanded the list of overseas lenders to include long term lenders like sovereign wealth funds, pension funds and insurance companies.