FEMA - External Commercial Borrowings (ECB) Policy - Review of all-in-cost ceiling
RBI has decided that the all-in-cost ceiling as specified in A.P. (DIR Series) Circular No. 99 dated March 30, 2012 will continue to be applicable till March 31, 2013 and subject to review thereafter. All other aspects of ECB policy remain unchanged.
By the above Circular, RBI had fixed the All-in-cost over 6 month LIBOR at 350 bps for maturity period up to five years and at 500 bps for period beyond five years.
AP (DIR SERIES) Circular No. 60/RBI., Dated: December 14, 2012