https://www.taxtmi.com/news?id=12113 In response to substantial foreign portfolio outflows after indications of tapering, the Government, with the Reserve Bank and SEBI, introduced measures to augment capital inflows: liberalised FDI norms for select sectors; a swap window for banks to swap fresh FCNR(B) dollar funds with the Reserve Bank; an increase in banks' overseas borrowing limit to 100% of unimpaired Tier I capital with swap option; and permission to avail ECBs from foreign equity holders under the approval route for general corporate purposes. These steps coincided with currency appreciation and rebuilding of foreign exchange reserves, and a lower projected current account deficit reduces expected tapering impact. en-us Fri, 13 Dec 2013 18:06:31 +0530 Fri, 13 Dec 2013 18:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12113 In response to substantial foreign portfolio outflows after indications of tapering, the Government, with the Reserve Bank and SEBI, introduced measures to augment capital inflows: liberalised FDI norms for select sectors; a swap window for banks to swap fresh FCNR(B) dollar funds with the Reserve Bank; an increase in banks' overseas borrowing limit to 100% of unimpaired Tier I capital with swap option; and permission to avail ECBs from foreign equity holders under the approval route for general corporate purposes. These steps coincided with currency appreciation and rebuilding of foreign exchange reserves, and a lower projected current account deficit reduces expected tapering impact. News - Fri, 13 Dec 2013 18:06:31 +0530 https://www.taxtmi.com/news?id=12113