ANNOUNCEMENT 04 May 2012

In May 2012, the government of India announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 05 May 2012 | Removal date: open ended
Still in force

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 SECTORS

 
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AFFECTED PRODUCTS

 
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