RBI temporarily raises the limit for ECBs from USD 750 million to USD 1500 million per FY
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- By Chetan Kulasri
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- Last Updated on 1 August, 2022
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Notification No. FEMA. 3(R)(3)/2022-RB, dated 28.07.2022
The Reserve Bank of India has notified the Foreign Exchange Management (Borrowing and Lending) (Third Amendment) Regulations, 2022. Amendment has been made to Schedule 1. The limit of USD 750 million or equivalent per financial year is temporarily increased to USD 1500 million or equivalent. This dispensation will be available for ECBs raised till December 31, 2022.
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