Global Trade Alert
Global Trade Alert

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India: Ceiling interest rate on export credit in foreign currency reduced

Description

On 19 February 2010, the Reserve Bank of India through Circular DBOD.DIR.(Exp).No. 76/04.02.001/2009-10 reduced the interest ceiling rate on export credit in foreign currency. The ceiling rates vary...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

19 Feb 2010

Revocation date

20 Mar 2012

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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