External Commercial Borrowings (ECBs) – Prepayment

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Full Text of the Document

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....f Authorised Dealers is invited to A.P.(DIR Series) Circular No.22 datedSeptember 17, 2002 in terms of which automatic route for prepayment of ECBs was liberalised and made available to all category of borrowers without any conditions upto USD 100 million if prepaid out of local resources/market purchases. There was, however, no limit if prepayment is made out of balances held in Exchange Earners'....