Announcement
03 Jun 2014
In June 2014, the Reserve Bank of India reduced the limit on refinancing of export credit by the commercial banks with the RBI from 50% to 32%. This limit was further reduced to 15% in October 2014.
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
07 Feb 2015
Revocation date:
No revocation date
Last action: 03 Jun 2014
Trade finance
In force
Since 7 February 2015, the RBI subsumed the ECR within their regular liquidity provision framework wherein the RBI lends money to the commercial banks for contracts of varying maturity dates. No expli...
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Implementation date
10 Oct 2014
Revocation date:
No revocation date
Last action: 03 Jun 2014
Trade finance
In force
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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Implementation date
03 Jun 2014
Revocation date:
02 Oct 2014
Last action: 03 Jun 2014
Trade finance
Effective 3 June 2014, the Reserve Bank of India (RBI) reduced the limit of the Export Credit Refinance facility that allows banks to raise funding from the RBI to a certain extent of the export credi...
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