Master Direction - External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers

Reserve Bank of India has issued FED Master Direction No. 5/2015-2016 dated 19^th September, 2016. These directions have been issued to lay down the modalities as to how the foreign exchange business has to be conducted by the Authorized Persons with their customers/constituents with a view to implementing the regulations framed. The document also contains the terms and conditions related to borrowing and lending in foreign currency by authorized dealer and by persons other than authorized dealer.

Please find the Master Direction issued by the RBI here

Master Direction - External Commercial Borrowings, TradeCredit, Borrowing and Lending in Foreign Currency by Authorised Dealers andPersons other than Authorised Dealers