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of <h1>RBI Amends 2000 Regulations to Allow Foreign Currency Loans for Affordable Housing Projects in India</h1> The Reserve Bank of India issued the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Third Amendment) Regulations, 2012, effective from its publication date. This amendment to the original 2000 regulations allows developers, builders, Housing Finance Companies, and the National Housing Bank to secure foreign currency loans for low-cost affordable housing projects. These loans must comply with the Foreign Exchange Management Act and any terms specified by the Reserve Bank. The principal regulations have been amended multiple times since their initial publication in 2000.
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