Prepayment of External Commercial Borrowings

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Full Text of the Document

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....the A.P. (DIR Series) Circular No.44 dated April 30, 2007 relating to prepayment of External Commercial Borrowings (ECB). 2. With a view to providing greater flexibility to the corporates in managing their liquidity and interest costs dynamically, the existing limit for prepayment of ECB has been enhanced from USD 400 million to USD 500 million. Accordingly, AD Category - I banks may allow prepa....