RBI eases minimum maturity period for ECB up to $20 million to 3 years Jan 06, 2012 In its bid to help Indian corporates to access higher quantum of overseas funds, the country’s central bank - Reserve Bank of India reduced the minimum maturity period for external commercial borrowing (ECB) up to $20 million to three years as against the previous five years. The central bank also raised the annual limit of Foreign Currency Convertible Bonds (FCCBs) for companies to $750 million as against $500 million in a fiscal year under the automatic route that does not require prior regulator’s approval. The RBI’s decision will not only help Indian corporate across all segments to access higher quantum of overseas funds but also encourage greater inflow of foreign exchange. It will encourage domestic firms to raise money through FCCBs up to $20-750 million without the RBI’s permission and can repay the debt in 3-5 years time. In the specified service sectors like hotels, hospitals and software, corporate can raise FCCBs up to $200 million against the earlier limit of $100 million, subject to the condition that the proceeds would not be used for acquisition of land. For Non Government Organizations (NGOs) the ECB limit under automatic route has been doubled to $10 million from $5 million.

When Reliance fell yesterday, it took everybody down along with it.... today it is going up all alone, leaving everyone behind....very bad friend...

risky call > BUY PFC keep stop 143.50, Target 149/156

hi cb good morning

yesssss, i have squared my entire bank nifty@8287

HI CB,6000 shares bought union bank @ 170 kindly advice what to do hold or book loss

Hi Kb Trader, Good morning

Hi VINIT, hold it. can see 52.

Hi chirag, Good morning

Hi Sri, hold for some more time can test 4660

Hi Karan Sharma, its a hold with strict sl at 152. can expect some bounce from here.

Hi vishal,

hi KB/ CB
what should do for RECL and RIL , can i enter now ?
RECL 158
RIL 700 Rs