IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Mar 2014 | Removal date: open ended
Still in force

Trade payment measure

 On 13 March 2014, the Reserve Bank of India increased the transaction limit for trade-related remittances under the Rupee Drawing Arrangements (RDA) from INR 200'000 to INR 500'000 (USD 3'000 and 8'000, resp.). The RDA prescribes rules for inward remittances received in India through Exchange Houses situated abroad.

AFFECTED COUNTRIES

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