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of <h1>Foreign Currency Borrowing Limit for Banks Raised to 50% of Tier I Capital Under FEMA 1999.</h1> The circular addressed to Authorized Dealer Category-I banks announces an increase in the limit for overseas foreign currency borrowings. Previously capped at 25% of unimpaired Tier I capital or USD 10 million, the limit is now raised to 50% of the same capital measure, excluding borrowings for export credit financing and capital instruments. This change aims to provide banks with greater flexibility in accessing overseas funds. Other provisions from the earlier circular remain unchanged, and amendments to relevant regulations will be issued separately. The directions are issued under the Foreign Exchange Management Act, 1999.
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