RBI has decided to extend the all-in-cost ceiling of trade credits for imports into India and external commercial borrowings (ECBs) till March 31. For trade credit the all-in-cost ceiling over six month London interbank offered rate (Libor) is 350 basis points (bps) across various maturity periods.
The all-in-cost for ECBs under average maturity of three years and up to five years is 350 bps over six-month Libor and for more than five years it is 500 bps over six-month Libor.
