Rupee Export Credit Interest Rates
RBI has clarified that interest subvention on export credit has been extended by one more year from April 1, 2008 till March 31, 2009 on the terms and conditions as they existed on March 31, 2008. Accordingly, banks would continue to charge interest rates not exceeding BPLR minus 4.5 and 6.5 percentage points on pre-shipment credit up to 180 days and post-shipment credit up to 90 days on the outstanding amount for a further period starting from April 1, 2008 to March 31, 2009.
RBI DBOD.Dir . ( Exp). BC.No . 77/04.02.01/2007- 08 Dated: April 28, 2008