TIOL-DDT 2367 · Wednesday, 4 June 2014 · story 3 of 6

Export Credit Refinance Facilities

RBI has decided to reduce the eligible limit of export credit refinance (ECR) facility from the level of 50 per cent of the outstanding rupee export credit eligible for refinance as at the end of the second preceding fortnight to 32 per cent with immediate effect.

RBI/2013-14/621 MPD.BC.372/07.01.279/2013-14, Dated: June 03, 2014