ANNOUNCEMENT 30 Jun 2012

In June 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: 30 Jun 2012 | Removal date: 30 May 2014
Still in force

Trade finance

Effective 30 June 2012, the Reserve Bank of India enhanced the limit of the Export Credit Refinance facility that scheduled banks can provide from 15% to 50% of the outstanding rupee export credit of the bank eligble for refinance.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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