The Committee has looked into the entire gamut of facilities/services provided by banks/financial institutions {including the Exim Bank, Export Credit and Guarantee Corporation (ECGC) & Small Industries Development Bank of India (SIDBI)}, such as, export credit, in Indian Rupee as well as foreign currency, hedging instruments, factoring services, insurance coverage, etc. and suggested several important recommendations for implementation by the banks. 16.
Overall, the Governing Council sees the balance of risks around the baseline projection to the downside. According to Eurostat’s flash estimate, euro area annual HICP inflation decreased to 0.1% in May, down from 0.3% in April, mainly on account of lower energy price inflation.