IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 05 May 2012 | Removal date: open ended

Trade finance

On 4 May 2012, the Reserve Bank of India (RBI) decided to deregulate and let the banks determine the interest rates on export credit in foreign currency. Previously, the banks had to determine an interest rate subject to a ceiling rate set by the RBI (See related measure).

AFFECTED COUNTRIES

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