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    <title>Review of External Commercial Borrowings (ECB) Policy</title>
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    <description>ECB policy mandates prior approval of the Reserve Bank for borrowings above the prescribed threshold and bars use of those borrowings for domestic purposes on a per-financial-year basis; smaller borrowings per company per year may be remitted into India only after prior approval for rupee expenditure. Other ECB rules remain unchanged, and borrowers with existing loan agreements and Reserve Bank loan registration numbers are exempt from these conditions.</description>
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