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of <h1>Interest Rate Period for Pre-shipment Rupee Export Credit Extended to 270 Days Due to Reduced External Demand.</h1> The circular addresses the extension of the interest rate period for Pre-shipment Rupee Export Credit due to challenges exporters face from reduced external demand. The interest rate, previously set at the Benchmark Prime Lending Rate (BPLR) minus 2.5 percentage points, is now applicable for up to 270 days instead of the previous 180 days. This change is effective from November 15, 2008, and the revised credit period is detailed in an annexure to the directive issued on the same date.
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