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of <h1>RBI Maintains All-In-Cost Ceiling for External Commercial Borrowings Until March 31, 2013; Policy Review to Follow.</h1> The Reserve Bank of India has announced that the all-in-cost ceiling for External Commercial Borrowings (ECB), as specified in a previous circular from March 30, 2012, will remain in effect until March 31, 2013, with a review to follow. Other aspects of the ECB policy remain unchanged. The revised policy is effective immediately and subject to future review based on practical experience. Authorized Dealer Category-I banks are instructed to inform their clients of this update. This directive is issued under the Foreign Exchange Management Act, 1999, without affecting any other legal permissions required.
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