External commercial borrowing Current Affairs, GK & News
RBI enhances scope of Special Non-Resident Rupee accounts
The Reserve Bank of India (RBI) has enhanced scope of ‘Special Non-resident Rupee’ (SNRR) by allowing persons residing outside India to open such accounts for purposes such as- (a) external commercial borrowing (ECB), (b) trade credit and and (c) Trade (Export/ Import) Invoicing, in domestic currency. The step is taken to popularise cross-border transactions in ..
Month: Current Affairs - November, 2019
Category: Economy & Banking Current Affairs
Topics: ECB • External commercial borrowing • Indian rupee • RBI • Reserve Bank of India • SNRR Account • special non resident rupee
RBI liberalises ECB norms by relaxing end-use restrictions
Reserve Bank of India (RBI) has relaxed External Commercial Borrowing (ECB) norms for corporates, non-banking lenders by relaxing end-use restrictions with regard to working capital, general corporate purpose and repayment of rupee loans. This decision was taken after receiving feedback from stakeholders for easing liquidity in the domestic market. Recent changes by RBI End-use stipulations ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs
Topics: ECB • External commercial borrowing • Foreign direct investment • Foreign Exchange Management Act 1999 • liquidity • Reserve Bank of India
RBI elevates foreign investment limit in govt bonds
In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external commercial borrowing (ECB) to $ 10 bilion. Currently, foreign institutional investors (FIIs) are permitted to ..
Month: Current Affairs - July, 2012
Topics: Bond • Central bank • Corporate bond • Debt • Economy • External commercial borrowing • Finance • Finance in India • Government bond • Money • Securitization • United States housing bubble
RBI announces measures to revive Rupee
The Reserve Bank of India announced a number of steps, to aid revive the currency and the economy The measures include increasing limits for external commercial borrowings and government securities .The initiatives are in consultation with the government to liberalize capital account transactions.These measures will permit Indian companies in the manufacturing and infrastructure sector and ..
Month: Current Affairs - June, 2012
Topics: Debt • Economy • External commercial borrowing • Finance • Finance in India • International finance • Investment • Money • Participatory note • Securities and Exchange Board of India • Sovereign wealth fund