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of <h1>RBI Extends ECB All-In-Cost Ceiling Relaxation for Approval Route Until December 31, 2009; Review Scheduled for December.</h1> The circular, issued by the Reserve Bank, informs Category-I Authorized Dealer Banks about the liberalization of the External Commercial Borrowings (ECB) policy. It extends the relaxation of all-in-cost ceilings for ECBs under the approval route until December 31, 2009, due to ongoing international credit market pressures. This extension will be reviewed in December 2009. Other ECB policy aspects, such as the USD 500 million limit per company per financial year under the Automatic Route, remain unchanged. Amendments to related regulations will be issued separately, and banks are instructed to inform their clients of these changes.
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