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of <h1>RBI Extends 2012 ECB Refinancing Guidelines for Authorized Dealer Category-I Banks Until September 30, 2013.</h1> The circular issued by the Reserve Bank of India (RBI) addresses Authorized Dealer Category-I banks regarding the External Commercial Borrowings (ECB) policy, specifically focusing on the refinancing and rescheduling of ECBs. It states that the instructions from a previous circular dated April 20, 2012, will remain effective until September 30, 2013, subject to further review. Other aspects of the ECB policy remain unchanged. The circular is issued under the Foreign Exchange Management Act, 1999, and banks are advised to inform their clients and constituents accordingly.
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