1.

1).2).3). Reserve Bank of India4).

Answer»

The Reserve BANK of India (RBI) has ALLOWED state-owned Oil Marketing COMPANIES (OMC) to borrow long-term working capital from overseas. RBI relaxed the policy on borrowing up to 10 billion US dollar from the overseas by the state-owned fuel retailers. The RBI has allowed them to raise External Commercial Borrowing (ECB) of minimum maturity of 3 or 5 years.



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