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    <title>Relaxation of External Commercial Borrowings (ECB) in Indian Rupees</title>
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    <description>Recognised non-resident lenders may provide External Commercial Borrowings (ECB) in Indian Rupees by mobilising rupee resources through swaps with an Authorised Dealer Category I bank, relaxing the prior restriction that permitted rupee ECB only from foreign equity holders and thereby expanding permissible lender sources for rupee-denominated external loans.</description>
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