Can an entity raising INR ECB including issuance of Rupee denominated bonds overseas, assume foreign currency risk on account of liabilities arising out of such ECBs?

Can an entity raising INR ECB including issuance of Rupee denominated bonds overseas, assume foreign currency risk on account of liabilities arising out of such ECBs? https://www.taxtmi.com/manuals?id=5855 Entities raising rupee-denominated external commercial borrowings, including issuance of rupee-denominated bonds overseas, are prohibited from converting liabilities arising from such ECBs into foreign currency liabilities or from assuming foreign currency risk by entering into derivative contracts or by any other means, thereby requiring the liability to remain in rupee terms and imposing a strict compliance obligation on borrowers. en-us Thu, 21 Nov 2024 14:24:00 +0530 Thu, 21 Nov 2024 14:24:00 +0530 TaxTMI RSS Generator Can an entity raising INR ECB including issuance of Rupee denominated bonds overseas, assume foreign currency risk on account of liabilities arising out of such ECBs? https://www.taxtmi.com/manuals?id=5855 Entities raising rupee-denominated external commercial borrowings, including issuance of rupee-denominated bonds overseas, are prohibited from converting liabilities arising from such ECBs into foreign currency liabilities or from assuming foreign currency risk by entering into derivative contracts or by any other means, thereby requiring the liability to remain in rupee terms and imposing a strict compliance obligation on borrowers. Manuals FEMA Thu, 21 Nov 2024 14:24:00 +0530 https://www.taxtmi.com/manuals?id=5855