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of <h1>RBI Amends FEMA Regulations: Increases Foreign Exchange Borrowing Limit from 15% to 25% Under Regulation 4(2)(i)</h1> The Reserve Bank of India issued Notification No. FEMA.60/2002-RB on April 29, 2002, amending the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000. This amendment, published in the Official Gazette on July 8, 2002, modifies Regulation 4, sub-regulation (2), clause (i), by replacing the term 'fifteen per cent' with 'twenty five per cent'. The changes were made under the authority of the Foreign Exchange Management Act, 1999, and took effect upon publication.
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