India Raises Foreign Borrowing Limit for Individuals to USD 1500 Million Until December 31, 2022, per Regulations 4 & 6.

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....Individual Limits of borrowing from outside India - Limit enhanced to USD 1500 million or equivalent till 31-12-2022- Borrowings from outside India by a person resident in India [See Regulations 4(A)(iv), 4(B)(i), 4(B)(iv), 6(A), 6(B)(i), 6(B)(vii)] - - SCHEDULE I of the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018....