RBI Not Considering Opening Up ECB Route in Big Way: Deputy Governor
Mumbai: The Reserve Bank of India (RBI) is not considering further opening up the external commercial borrowing (ECB) route, Deputy Governor H R Khan told reporters on the sidelines of a conference on Wednesday.
Last month, the apex bank had allowed foreign lenders to issue rupee-denominated loans to Indian companies overseas.
Mr Khan also reiterated the RBI is working on allowing settlements of government bonds in the Euroclear system, the world's biggest securities settlement system. (Read more)
Copyright @ Thomson Reuters 2014
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