Foreign currency borrowings approval route limits eligible borrowers, lenders and end uses while prescribing maturity, security and reporting obligations.

The Approval Route sets an RBI administered regime for foreign currency borrowings: specified entities may borrow from authorised overseas lenders for limited permissible end uses focused on real sector and infrastructure investment, subject to prescribed maturity profiles, all in cost ceilings, security and guarantee conditions, restrictions on prohibited uses, requirements for loan agreements and registration, drawdown and reporting procedures, rules on parking and prepayment, and RBI powers to amend eligibility and operational parameters.

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