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<h1>RBI Amends 2018 Regulations: Temporarily Doubles External Commercial Borrowing Limit to USD 1500 Million for 2022.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Borrowing and Lending) (Third Amendment) Regulations, 2022, amending the 2018 regulations. Effective from the date of official gazette notification, the amendment temporarily increases the borrowing limit for External Commercial Borrowings (ECBs) from USD 750 million to USD 1500 million per financial year. This increased limit is applicable for ECBs raised until December 31, 2022. The amendment is made under the authority of the Foreign Exchange Management Act, 1999.