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

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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