What is the new ECB limit through the automated route under the RBI's liberalised rules?

• A. USD 2 billion
• B. USD 1 billion
• C. USD 1.5 billion
• D. USD 500 million

Answer: (C)

The reforms include loosening restrictions on foreign institutional investors' (FPIs') ability to invest in the debt market and raising the automated route's external commercial borrowing (ECB) cap from USD 750 million or its equivalent to USD 1.5 billion.