Reserve Bank of India - Frequently Asked Questions
WEBJun 26, 2023 · 32. Is refinancing of ECBs raised from foreign equity holders and utilised for working capital/ general corporate purpose/ repayment of Rupee loans permitted? Yes. However, the new ECB lenders should also be foreign equity holders as defined in the ECB framework and subject to applicable refinancing guidelines. I. HEDGING UNDER ECB FRAMEWORK. 33.
Euro foreign exchange reference rates - European Central Bank
WEBEuro foreign exchange reference rates. The reference rates are usually updated at around 16:00 CET every working day, except on TARGET closing days. They are based on the daily concertation procedure between central banks across Europe, which normally takes place around 14:10 CET.
Reserve Bank of India - Master Directions
WEBTransactions on account of External Commercial Borrowings (ECB) and Trade Credit (TC) are governed by sub-section 2 of section 6 of the Foreign Exchange Management Act, 1999 (FEMA). Various provisions in respect of these two types of borrowing are included in the following Regulations framed under FEMA:
European Central Bank
WEBThe European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Key ECB interest rates - European Central Bank
WEBThe Governing Council of the ECB sets the key interest rates for the euro area. These are as follows: Deposit facility: The rate on the deposit facility, which banks may use to make overnight deposits with the Eurosystem at a pre-set interest rate.
European Central Bank cuts interest rates for first time in 5 years
WEBJun 6, 2024 · The European Central Bank has cut interest rates for the first time in almost five years, but warned future reductions would depend on price pressures easing further.
Decision - 2022/1921 - EN - EUR-Lex
WEBDecision (EU) 2022/1921 of the European Central Bank of 29 September 2022 on the methodology for the calculation of sanctions for alleged infringements of statistical reporting requirements (ECB/2022/32)
Currency converter | ECB Data Portal - Europa
WEBThe ECB reference rates, which are exchange rates against the euro, are updated every day at around 16:00. The Bloomberg rates are collected at the end of the day and updated overnight.
WEBRegulation, a New ECB Framework has been issued vide A.P. (DIR Series) Circular No. 17 dated 16 January 2019 which is brought into force with immediate effect. Key changes introduced vide FEMA 3(R) and New ECB Framework are summarised below: Eligible borrowers to include all ‘entities’ 1. Removal of track-based ECB classification
ABC of ECB : Basics of External Commercial Borrowings ... - Tax Guru
WEBMay 18, 2023 · Unlock the ABC of External Commercial Borrowings (ECB) under RBI regulations. Delve into the basics, eligibility, documentation, and essential guidelines for businesses seeking debt funding from foreign sources.
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