Based on the gross domestic product (GDP) figures at March-end 2018, the soft limit works out to $160 billion for the current financial year, the RBI said in a statement.
PTI
@moneycontrolcom
The Reserve Bank of India (RBI) announced a cap on the outstanding stock of external commercial borrowings (ECB) at 6.5 percent of GDP at current market prices.
Based on the gross domestic product (GDP) figures at March-end 2018, the soft limit works out to $160 billion for the current financial year, the RBI said in a statement.
"The outstanding stock of ECB as on September 30, 2018, stood at $126.29 billion," it said.
First Published on Dec 20, 2018 07:54 pm
