Global Trade Alert
Global Trade Alert

India: Ceiling interest rate on export credit in foreign currency reduced

Announcement

19 Feb 2010

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

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

19 Feb 2010

Revocation date:

No revocation date

Trade finance

On 19 February 2010, the Reserve Bank of India through Circular DBOD.DIR.(Exp).No. 76/04.02.001/2009-10 reduced the interest ceiling rate on export credit in foreign currency. The ceiling rates vary...

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