RBI issues fresh guidelines for offshore debt

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RBI issues fresh guidelines for offshore debt

Shruti Chaturvedi
December 08, 2015 03:30 am
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Reserve Bank of India governor Raghuram Rajan smiles during a press conference in Mumbai, India, Tuesday, Sept.29, 2015. India's central bank on Tuesday cut its key interest rate by half a percentage point, aiming to spur economic growth as inflation cooled to the lowest since November. (AP Photo/Rajanish Kakade) | Rajanish Kakade/AP/Press Association Images

The Reserve Bank of India has come out with a new framework for raising offshore debt, with one of the rules preventing non-banking financial corporations (NBFCs) from issuing anything other than rupee denominated debt.

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