Rupee Export Credit Interest Rates-Extension of period of credit

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..... eing satisfied that it is necessary and expedient in the public interest so to do, hereby directs that, with effect from November 15, 2008 the interest rates on rupee export credit would be as indicated in the Annex enclosed to this Directive. (Anand Sinha) Executive Director ANNEX Interest Rates on Rupee Export Credit of Scheduled Commercial Banks Interest Rates effective from November 15, 20 .....

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..... tion only) payable within one year from the date of shipment (up to 90 days) BPLR Benchmark Prime Lending Rate Note: 1. Since these are ceiling rates, banks would be free to charge any rate below the ceiling rates. 2.Interest rates for the above-mentioned categories of export credit beyond the tenors as prescribed above are deregulated and banks are free to decide the rate of interest, keeping .....

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