Global Trade Alert
Global Trade Alert

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India: Increase in trade-related remittance limit

Description

On 13 March 2014, the Reserve Bank of India increased the transaction limit for trade-related remittances under the Rupee Drawing Arrangements (RDA) from INR 200'000 to INR 500'000 (USD 3'000 and 8'0...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

13 Mar 2014

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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