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Global Trade Alert

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India: Extension of matured external borrowings simplified

Description

On 20 October 2016, the Reserve Bank of India relaxed the conditions under which Indian companies may access foreign credit. Through RBI/2016-17/92 A.P. (DIR Series) Circular No. 8, the RBI allowed...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

20 Oct 2016

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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