Foreign currency lending rules: authorised dealers and eligible residents may make overseas loans subject to RBI norms and deposit rules.

Authorised Dealers and their branches may extend foreign currency denominated external commercial loans to borrowers outside India under Schedule III; ADs may also lend to domestic constituents for foreign exchange, rupee working capital or capital expenditure subject to prudential norms and Reserve Bank guidelines, and, subject to RBI directions, to other ADs. Branches abroad may lend secured by NRE/FCNR deposits under Deposit Regulations. Eligible resident non-AD entities may likewise extend foreign currency ECL to borrowers outside India per Schedule III.

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