External Commercial Borrowings (ECB) – Reporting arrangements

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Full Text of the Document

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.... Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, as amended from time to time and A.P. (DIR Series) Circular No.60 dated January 31, 2004 relating to reporting arrangements for ECB. 2. In order to capture details of the financial hedges contracted by corporates, of their foreign currency exposure relating to....