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of <h1>RBI Maintains Current All-In-Cost Ceiling for External Commercial Borrowings Until March 31, 2014, Under FEMA Act 1999.</h1> The Reserve Bank of India has reviewed the all-in-cost ceiling for External Commercial Borrowings (ECB) and decided to maintain the existing ceiling as per the circular dated March 30, 2012, until March 31, 2014, with a subsequent review planned. This decision does not alter any other aspects of the ECB policy. Authorized Dealer Category-I banks are instructed to inform their clients of these details. The circular is issued under the Foreign Exchange Management Act, 1999, and does not affect any other legal permissions or approvals required.
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