SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RBI notifies opening up of ECB route for various sectors

26 Jun 2013 Evaluate

In order to support the continuously depreciating Indian currency, the Reserve Bank of India (RBI) has notified the governmental proposal of opening up the overseas borrowing route for several sectors the RBI said that “Considering the developments in the global financial markets, it has been decided that the existing scheme of buyback/repayment of FCCBs under the approval route which expired on March 31, 2013 may be continued till December 31, 2013 and shall stand discontinued thereafter”.


ECB window for financing 3G-spectrum rupee loans, which are still outstanding in telecom operator’s books of accounts, will be open up to March 31, 2014. RBI has also allowed companies to finance the spectrum allocation by way of foreign currency borrowing. Aviation companies can now raise working capital through foreign currency loans or bonds. However they are not allowed to borrow loans in renminbi (RMB), the official currency of the People's Republic of China because the limits remained unutilized so far. As a result, the scheme of ECB in renminbi has been decided to end up from the date of issue of this circular. Higher inflows through foreign currency borrowing will help the rupee gain strength against dollar, which has lost over 8% in this year.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×