Export Credit Refinance eligibility expanded; refinance limit increased and rate linked to prevailing repo rate. Reserve Bank of India increases the Export Credit Refinance (ECR) eligible limit from 15 per cent to 50 per cent of outstanding rupee export credit as at the end of the second preceding fortnight, maintains interest on ECR at the prevailing repo rate under the Liquidity Adjustment Facility, and modifies Part A of Annex III (Form DAD 389) to prescribe the revised calculation and exclusions for computing outstanding export credit eligible for refinance.