Hopes of relaxations in ECB norms renewed with new RBI chief

PUBLISHED ON: September 9, 2008 | Duration: 1 min, 38 sec

   
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D Subbarao's appointment as new RBI governor has reignited hopes for a further relaxation of external commercial borrowing (ECB) norms. ECBs were capped last year due to a spike in dollar flows. Corporates now argue that since dollar flows have moderated, the policy should be relaxed.
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