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Master Circular on Guidelines for Issue of Commercial Paper

Master Circular on Guidelines for Issue of Commercial Paper 2025

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The document is a Master Circular issued by the Reserve Bank of India outlining the guidelines for the issuance of Commercial Paper (CP), an unsecured money market instrument. It consolidates existing directives and provides detailed instructions on eligibility, rating requirements, maturity periods, denominations, and procedures for issuing CP. The guidelines aim to facilitate corporate borrowers in diversifying their short-term funding sources while ensuring compliance with regulatory standards.

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