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<h1>RBI boosts Export Credit Refinance limit from 15% to 50% for scheduled banks, maintaining interest rate at 7.5%.</h1> The Reserve Bank of India (RBI) has increased the eligible limit for the Export Credit Refinance (ECR) facility from 15% to 50% of the outstanding rupee export credit eligible for refinance as of the end of the second preceding fortnight. The interest rate for the ECR facility will remain at the current repo rate of 7.5% under the liquidity adjustment facility. The reporting format in the Master Circular has been updated accordingly to reflect these changes, which apply to all scheduled banks except Regional Rural Banks.