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of <h1>RBI Maintains Enhanced All-In-Cost Ceiling for Trade Credits Amid Global Market Conditions; Policy Valid Until Sep 30, 2012.</h1> The Reserve Bank of India has decided to maintain the enhanced all-in-cost ceiling for trade credits for imports into India due to global financial market conditions. This ceiling, effective from November 15, 2011, is set at 6-month LIBOR plus 350 basis points for maturities up to one year and more than one year up to three years. This policy will remain in effect until September 30, 2012, subject to review. The all-in-cost includes various fees and charges, and other aspects of the trade credit policy remain unchanged. This directive is issued under the Foreign Exchange Management Act, 1999.
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