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<h1>Reserve Bank of India Updates Borrowing and Lending Rules for Residents and Non-Residents Under 2018 Regulations.</h1> The Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, issued by the Reserve Bank of India, govern borrowing and lending activities between residents of India and non-residents. These regulations replace previous notifications and detail the permissible frameworks for External Commercial Borrowings (ECB) and External Commercial Lending (ECL), including definitions, eligibility, and conditions for borrowing and lending in foreign exchange and Indian Rupees. The roles of Authorized Dealers, borrowing limits, maturity terms, recognized lenders, and end-use restrictions. It also specifies reporting requirements and compliance measures for entities engaged in such financial transactions.