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Global Trade Alert

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India: Deregulation of interest rates on export credit in foreign currency

Description

On 4 May 2012, the Reserve Bank of India (RBI) decided to deregulate and let the banks determine the interest rates on export credit in foreign currency. Previously, the banks had to determine an inte...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

05 May 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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