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of <h1>RBI Updates Foreign Exchange Regulations: New Borrowing Limits and Approval Rules for Companies</h1> The Reserve Bank of India has amended the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000. Key changes include the omission of a note from May 21, 2007, and the insertion of a clause allowing foreign exchange borrowings up to USD 500 million per company per year for specific uses. Amendments to Schedule II specify that no company can use domestic rupee-denominated structured obligations enhanced by international entities without RBI approval. Maturity terms for foreign exchange borrowings are also revised, with specific terms for amounts up to USD 750 million. Additionally, certain exceptions for textile companies and approval requirements for borrowings are detailed.
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