It has been decided, in consultation with the Central Government, to:
i) increase the automatic route limit from USD 750 million or equivalent to USD 1.5 billion or equivalent.
ii) increase the all-in-cost ceiling for ECBs, by 100 bps. The enhanced all-in-cost ceiling shall be available only to eligible borrowers of investment grade rating from Indian Credit Rating Agencies (CRAs). Other eligible borrowers may raise ECB within the existing all-in-cost ceiling, as hitherto.
The above relaxations would be available for ECBs to be raised till December 31, 2022.
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