Global Trade Alert
Global Trade Alert

India: Removal of interest rate ceiling on Rupee Export Credit

Announcement

23 Apr 2010

In April 2010, the government of India announced a change in its trade finance instruments.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

01 Jul 2010

Revocation date:

No revocation date

Trade finance In force

On 23 April 2010, the Reserve Bank of India (RBI) through Circular MPD.BC. 330/07.01.279/2009-10 announced the removal of the interest rate ceiling on pre-/post-shipment Rupee Export Credit. Under the...

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