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of <h1>Authorized dealers can lend foreign currency to Indian constituents and borrow up to 100% Tier I capital under Regulation 4</h1> Regulation 4 of FEMA 2000 governs foreign exchange borrowing and lending by authorized dealers. Authorized dealers may lend foreign currency through overseas branches in normal banking operations, to Indian constituents for foreign exchange or working capital needs, to wholly-owned subsidiaries or joint ventures abroad with minimum 51% Indian equity, against RFC account security, and between authorized dealers subject to Reserve Bank guidelines. For borrowing, authorized dealers may borrow up to 100% of unimpaired Tier I capital or USD 10 million from head offices or overseas entities, with overseas branches permitted to borrow in normal banking operations subject to regulatory compliance.
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