Chapter Fifteen

 

1. Rates quoted are 1 USD = _______ Indian Rupees and 1 Euro = _______ Indian Rupees.

2. RBI, 2009, Committee on financial sector assessment, Chapter 4, Table 4.5, page 203, accessed at www.rbi.org.in

3. Ibid, Table 4.4

4. For a full text of the RBI guidelines, please refer ‘Master circular on rupee and foreign currency export credit and customer service to exporters’ dated 1 July, 2009, accessed at www.rbi.org.in

5. RBI circular ‘Interest rates on export credit in foreign currency’ dated February 19, 2010, accessed at www.rbi.org.in. The circular also stipulates that where the pre-shipment credit in foreign currency is outstanding beyond 180 days, an additional interest of 200 bps over the existing rate would be applicable. ...

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