Which among the following is the regulatory authority for giving clearance for External Commercial b...........

Indian Economy (Easy) External Sector

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Which among the following is the regulatory authority for giving clearance for External Commercial borrowing?

Foreign Investment PromotionBoard

RBI

SEBI

Foreign Investment PromotionCouncil

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Explanation:

RBI

External Commercial Borrowings are commercial loans raised by eligible resident entities from recognised non-resident entities and should conform to parameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc.