Rupee Export Credit Interest Rates - interest rate subvention on export credit – Scheme to end on Sept 30

By Vijay Kumar

RBI has directed that interest rates subvention scheme on export credit would be brought to a close with effect from September 30,2008. RBI wants this to be brought to the notice of the exporters so that the exporters get adequate time to make necessary adjustments.

RBI DBOD.Dir. (Exp).BC.No.28/04.02.01/2008- 09, Dated: August 1, 2008