Can an entity raising INR ECB including issuance of Rupee denominated bonds overseas, assume foreign currency risk on account of liabilities arising out of such ECBs?

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....(ECB) and Trade Credits - As on Jun 26, 2023 - FEMA - FAQ<br>FEMA<br>Ans. Any entity raising INR ECB (including issuance of Rupee denominated bonds overseas) is not permitted to convert the liability ....