ANNOUNCEMENT 10 Oct 2014

In October 2014, the government of India announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



http://rbi.org.in/scripts/NotificationUser.aspx?Id=9261&Mode=0


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 SECTORS

 
711 712 713

AFFECTED PRODUCTS

 
N/A