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of <h1>RBI Adjusts Trade Credit Cost Ceiling for Imports Amid Tight Liquidity; New Limits Effective Immediately Under FEMA 1999.</h1> The Reserve Bank of India has revised the all-in-cost ceiling for trade credits for imports into India due to difficulties faced by domestic importers in securing trade credits amid tight international liquidity conditions. The revised ceilings are 200 basis points over the 6-month LIBOR for credits up to one year and will be reviewed periodically based on international market conditions. The changes are effective immediately, with other trade credit policies unchanged. Amendments to relevant regulations will be issued separately, and banks are instructed to inform their clients of these changes. These directives are issued under the Foreign Exchange Management Act, 1999.
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