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
Still in force

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