The Reserve Bank of India, on Tuesday, eased the overseas borrowing norms for key infrastructure sectors.
“The RBI has extended the external commercial borrowing (ECB) relaxation for affordable housing, which was there for one year, to two more years (now) and aviation for a few more months,” RBI Deputy Governor H. R. Khan told reporters.
He was speaking after a meeting of the high-level committee on ECB, which was chaired by Department of Economic Affairs Secretary Arvind Mayaram.
Dr. Khan, however, said there had been no overall change in the ECB limit, which is $40 billion.