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of <h1>RBI Maintains Existing ECB All-In-Cost Ceiling Until September 30, 2013; No Changes to Other ECB Policy Aspects.</h1> The Reserve Bank of India (RBI) has reviewed the policy on External Commercial Borrowings (ECB) and decided to maintain the existing all-in-cost ceiling as specified in the previous circular dated March 30, 2012, until September 30, 2013, with a review to follow. All other aspects of the ECB policy remain unchanged. Authorized Dealer Category-I banks are instructed to inform their clients and stakeholders about this update. These directions are issued under the Foreign Exchange Management Act, 1999, and do not affect any other legal permissions or approvals that may be necessary.
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