Global Trade Alert
Global Trade Alert

India: Limit on export credit refinance facility reduced from October 2014

Announcement

10 Oct 2014

In October 2014, the government of India announced a change in its trade finance instruments.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

10 Oct 2014

Revocation date:

No revocation date

Trade finance In force

Effective 10 October 2014, the Reserve Bank of India reduced the limit of the Export Credit Refinance facility that scheduled banks can access from 32% to 15% of their outstanding rupee export credit....

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