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: 10 Oct 2014 | Removal date: open ended

Trade finance

Effective 10 October 2014, the Reserve Bank of India reduced the limit of the Export Credit Refinance facility that scheduled banks can access from 32% to 15% of their outstanding rupee export credit.
 
The limit was earlier reduced in June 2014 from 50% to 32% (see related measure).

AFFECTED COUNTRIES

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