The US expects a robust discussion on how India implements and notifies its policies at the next COA meeting, which is scheduled for February 26-27

At the forex market, the rupee opened weak at 71.22 and slipped further to quote 17 paise down at 71.33 against the US dollar. Brent crude futures, the global benchmark, climbed to USD 65.04 per barrel by rising 0.63 per cent.

The rupee opened weak at 70.91 and fell further to 71.05, but recovered partially to trade at 70.94

As per the existing guidelines, the proceeds of External Commercial Borrowing (ECB) denominated in either foreign currency or Indian Rupee, are not permitted to be utilised for repayment or for on-lending for repayment of domestic Rupee loans.