IMPLEMENTATION LEVEL
NationalAFFECTED FLOW
Outflow (subsidised)ANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoOn 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).
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