Global Trade Alert
Global Trade Alert

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

Description

On 15 November 2011, the Reserve Bank of India through Circular DBOD.DIR. No. 52 /04.02.001/2011-12 increased the interest ceiling rate on export credit in foreign currency. The ceiling rates vary d...

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

31 Mar 2012

Revocation date

30 Apr 2012

Implementation level

National

Affected flow

Outward subsidy

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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