Regulation 6 - Other borrowings in foreign exchange under Automatic Routde or with prior approval of Reserve Bank of India under the Approval Route or as Trade Credit

Foreign currency borrowings: may be raised under Automatic Route, with central bank approval, or by trade credit subject to conditions.

Foreign currency borrowing by residents is allowed under the Automatic Route, with prior approval under the Approval Route where specified, or as trade credit under terms in the respective schedules; the central bank may grant approvals subject to terms and conditions, consider overall limits in consultation with the government, and may approve loans outside the schedules on such terms.