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of <h1>RBI Amends Foreign Exchange Regulations: Changes to Borrowing Rules Under Schedules I and II Effective Immediately</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000. These amendments, effective from their publication date, introduce changes to Schedules I and II of the original regulations. The amendments allow the Reserve Bank, in consultation with the Government of India, to prescribe provisions for both the automatic and approval routes. These provisions may include parameters related to eligible borrowers, overseas lenders, borrowing purposes, amounts, maturity, costs, security norms, pre-payment, and other aspects of borrowing from overseas in foreign currency or Indian Rupees.
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