MUMBAI, India, June 8 -- Reserve Bank of India issued the following notification:
RBI/2026-27/100
FMOD.MAOG.No.S-57/01.06.016/2026-27
June 8, 2026
All Authorised Dealer Category-I Banks
Madam / Sir,
Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings
Please refer to the Governor's Statement dated June 5, 2026.
2. It has been decided to introduce a US Dollar-Rupee Forex Swap Facility for,
(a) External Commercial Borrowings (ECBs) of average maturity of three years and above, drawn on after the date of this circular till December 31, 2026, (i) by Public Sector Undertakings (PSUs) viz., whose majority ownership is with central and / or state government (other than banks), or (ii) such PSUs which a...