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of <h1>RBI Raises Prepayment Limit for External Commercial Borrowings to USD 400 Million to Boost Corporate Liquidity.</h1> The Reserve Bank of India has increased the limit for prepayment of External Commercial Borrowings (ECB) from USD 300 million to USD 400 million to enhance corporate liquidity and interest cost management. Authorized Dealer Category - I banks can now approve prepayments up to this new limit without prior RBI approval, provided the loan complies with the minimum average maturity period. This amendment to the ECB policy is effective immediately and subject to review. Necessary changes to the Foreign Exchange Management Act regulations will be issued separately, and banks are advised to inform their clients accordingly.
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