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Global Trade Alert

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India: Certain end-use restrictions of External Commercial Borrowings relaxed

Description

On 30 July 2019, the Reserve Bank of India through "RBI/2019-20/20 A.P. (DIR Series) Circular No. 04" relaxed certain end-use restrictions of External Commercial Borrowings (ECB). Earlier, ECB borrow...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

30 Jul 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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