RBI issues clarifications on hedging for ECBs

The Reserve Bank of India (RBI) has issued the Clarifications on hedging for External Commercial Borrowings (ECB). The Clarifications were issued under section 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.

So, let’s discuss some questions related to this post:
Q1. What is the full form of ECB?
Q2. Under which section, The Reserve Bank of India has issued the Clarifications on hedging for ECB? 
Answer:1. External Commercial Borrowings
Answer:2: under section 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.

Source – The Hindu

Leave a comment

Your email address will not be published. Required fields are marked *