{"id":52783,"date":"2019-01-17T10:57:46","date_gmt":"2019-01-17T10:57:46","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=52783"},"modified":"2019-01-17T10:57:46","modified_gmt":"2019-01-17T10:57:46","slug":"rbi-loosens-curbs-on-companies-offshore-borrowing-move-likely-to-support-rupee","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rbi-loosens-curbs-on-companies-offshore-borrowing-move-likely-to-support-rupee\/","title":{"rendered":"RBI loosens curbs on companies\u2019 offshore borrowing, move likely to support rupee"},"content":{"rendered":"<p>The Reserve Bank of India relaxed offshore borrowing rules for companies and financial institutions on Wednesday, a move that is likely to boost the rupee exchange rate.<\/p>\n<p>Indian borrowers can now raise funds from offshore markets for at least three years without any ceiling on the amount.Previously, the RBI had only allowed companies to borrow up to $50 million for three years. For funds beyond $50 million companies had to borrow for at least five years.<\/p>\n<p>In addition, the RBI is also allowing manufacturing companies to raise up to $50 million from overseas lenders for one year compared to the previous minimum maturity rule of three years.<\/p>\n<p>\u201cThis is a rupee-positive move and will also give lot of flexibility for companies to raise bonds overseas,\u201d said a debt investment banker at a foreign bank. The rupee has fallen by almost 2 percent so far in 2019, the most among its regional peers, continuing its bear run from last year.<\/p>\n<p>The RBI\u2019s new governor Shaktikanta Das, who was appointed by the government in November after his predecessor Urjit Patel resigned abruptly, has relaxed some measures to support growth including a one-time dispensation scheme for small borrowers. The RBI under Das could also agree to give an interim dividend to the government to fund a wide fiscal deficit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India relaxed offshore borrowing rules for companies and financial institutions on Wednesday, a move that is likely to boost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-52783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=52783"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52783\/revisions"}],"predecessor-version":[{"id":52785,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/52783\/revisions\/52785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/52784"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=52783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=52783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=52783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}