Rbi May Signal Cheaper Export Credit

Bankers are expecting the Reserve Bank of India (RBI) to raise the export credit refinance limit for banks from 15 per cent to 25 per cent of their outstanding export credit in the bi-annual review of the monetary and credit policy to be announced on October 22. This will help banks to extend export credit at a cheaper rate, as stipulated by the RBI last month. Alternatively, a cut in the banks