The RBI, in its policy liberalisation of September 25, 2011, raised the ECB limit. The limit was hiked by 50 per cent to $750 million for real estate, industrial and infrastructure firms, and by 100 per cent to $200 million for hotels, hospitals and IT firms by. Since then, the RBI has tweaked the ECB policy a number of times with the objective of facilitating higher overseas borrowings...........
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