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RBI allows changes in Forex loan repayment



09 February 2010 @ 3:57 pm IST

The Reserve Bank of India said on Tuesday banks may allow changes in the repayment of foreign currency borrowings if the average maturity of such debt is maintained.

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Bank may also allow changes in the currency of borrowing to firms, so long as it is freely convertible, it said in a notification posted on its website www.rbi.org.in

This article is copyrighted by Reuters.

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