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    <title>Draft External Commercial Borrowing Framework under Foreign Exchange Management (Borrowing and Lending) Regulations, 2018</title>
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    <description>The draft amends the ECB framework to link borrowing limits to a borrower&#039;s financial strength, allow market-determined interest rates, simplify end-use restrictions and Minimum Average Maturity requirements, expand eligible borrower and lender categories, and streamline reporting obligations; the proposal is published for public consultation on the Reserve Bank platform with stakeholder responses invited by the specified deadline.</description>
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