ANNOUNCEMENT 10 Oct 2014
In October 2014, the government of India announced a change in its trade finance instruments.NUMBER OF INTERVENTIONS
1
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 PRODUCTS