Tuesday, September 27, 2011

Policy on ECBs needs to change

...The current RBI-mandated all-in-cost ceilings, in a sense, makes any proposed raising of the annual $ 30 billion ECB cap or the go-ahead for corporates to use ECB proceeds for redemption of foreign currency convertible bonds (said to aggregate $ 4.5 billion) practically redundant. ....

Read............

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