NEW DELHI, May 14 (Reuters) - India eased its overseas
borrowing rules to enable companies to raise funds more easily,
which will help boost economic growth.
Reserve Bank of India Deputy Governor H.R. Khan said the
central bank has allowed oil marketing companies to finance part
of their short-term trade credit requirement through overseas
The RBI also extended the external commercial borrowing
(ECB) relaxation for affordable housing for two years and
aviation for a few more months.
Khan spoke to reporters after a meeting with senior
The central bank will also come out with a uniform
definition for infrastructure companies, he said, adding there
has been no overall change in the ECB limit of $40 billion.
(Reporting by Rajesh Kumar Singh and Manoj Kumar; Editing by