Interest Equalisation Scheme for MSME exporters: Revision of Interest subsidy

Reserve Bank vide its circular no. RBI/2018-19/81/DBR.Dir.BC.No.09/04.02.001/2018-19 dated November 29, 2018 announced that with effect from November 02, 2018 Interest Equalisation rate from 3% to 5% in respect of exports by the Micro, Small & Medium Enterprises (MSME) sector manufacturers under the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit. According to…

What is arbitrage?

When an entity taking advantage of two or more markets of a price difference goes for simultaneous purchase and sale of a financial instrument on different markets. This is called the Arbitrage. The trader involved in arbitrage makes profit from the difference of prices at different markets. For example: The exchange rate in London is…