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EXPORTERS/FOREIGN EXCHANGE EARNERS
Corporates who have foreign exchange earnings are permitted to raise ECB upto thrice the average
amount of annual exports during the previous three years subject to a maximum of USD 200 million without end-use restrictions, i.e. for general corporate objectives excluding investments in stock markets
or in real estate. The minimum average maturity will be three years upto USD 20 million equivalent and
five years for ECBs exceeding USD 20 million.
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