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    ISAS Briefs

    Quick analytical responses to occurrences in South Asia

    69 : Modifications of the External Commercial Borrowings Policy: Implications for Overseas Investments

    S. Narayan

    5 June 2008

    Overseas borrowing rules for firms are governed by policy directives from the Government of India. The External Commercial Borrowings (ECB) policy is regularly reviewed by the Government of India in consultation with the Reserve Bank of India (RBI) to keep it aligned with evolving macroeconomic situation and changing market conditions. On 29 May 20081, there has been a partial modification of the ECB policy