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Wednesday 3 October 2018

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / As rupee plumbs new lows, RBI allows oil companies to take ECBs under automatic route

As rupee plumbs new lows, RBI allows oil companies to take ECBs under automatic route

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RBI has also waived off the $750 million cap that individual state-run refiners had earlier and has capped the overall annual foreign currency borrowing under the new norms at $10 billion with immediate effect.

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