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Global Trade Alert

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India: Limit on export credit refinance facility reduced (June 2014)

Description

On 10 October 2014, the RBI reduced the limit on the Export Credit Refinance facility again from 32% to 15% of the outstanding rupee export credit.

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Intervention Details

Intervention Type

Trade finance

MAST Chapter

P: Export-related measures (incl. subsidies)

Implementation date

10 Oct 2014

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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