https://www.taxtmi.com/circulars?id=57719 Mandatory hedge coverage for specified External Commercial Borrowings under Track I has been reduced for medium-term maturities; new ECBs must comply with the reduced hedge requirement and existing ECBs within scope must roll-over hedges only to the extent of the reduced coverage. Other ECB provisions remain unchanged, the Master Direction will be updated, and AD Category-I banks must notify constituents. Directions are issued under the Foreign Exchange Management Act and are without prejudice to other statutory permissions. en-us Mon, 26 Nov 2018 00:00:00 +0530 Mon, 26 Nov 2018 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57719 Mandatory hedge coverage for specified External Commercial Borrowings under Track I has been reduced for medium-term maturities; new ECBs must comply with the reduced hedge requirement and existing ECBs within scope must roll-over hedges only to the extent of the reduced coverage. Other ECB provisions remain unchanged, the Master Direction will be updated, and AD Category-I banks must notify constituents. Directions are issued under the Foreign Exchange Management Act and are without prejudice to other statutory permissions. Circulars FEMA Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57719