ANNOUNCEMENT 13 Mar 2014

In March 2014, the government of India announced a change in the settlement of trade invoices.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
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 SECTORS

 
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AFFECTED PRODUCTS

 
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