Global Trade Alert
Global Trade Alert

India: Relaxation commercial borrowing from foreigners in Indian currency

Announcement

03 Sep 2014

In September 2014, the government of India announced a rule change for international private debt transactions.

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

03 Sep 2014

Revocation date:

No revocation date

Controls on credit operations In force

On 3 September 2014, the Reserve Bank of India allowed domestic borrowers to raise External Commercial Borrowing (ECB) in Indian Rupees from recognized non-resident lenders provided that the lender ha...

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