Global Trade Alert
Global Trade Alert

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India: Ceiling interest rate on export credit on foreign currency increased in 2009

Description

On 5 February 2009, the Reserve Bank of India through Circular DBOD.DIR (Exp).No.107/04.02.001/2008-09 increased the interest ceiling rate on export credit in foreign currency. The ceiling rates var...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

05 Feb 2009

Revocation date

05 Feb 2010

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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