Country's largest lender SBI has cut interest rate on loans to exporters by 0.5 per cent within days of the Reserve Bank increasing the export refinancing limits of banks.SBI Chairman Pratip Chaudhuri has told reporters Mumbai that the decision was taken at asset liability committee (Alco) meeting last Saturday," . Export credit is linked to the bank's base rate and varies from 2.5 per cent to 6 per cent above that depending onvarious factors including credit rating of the exporter. SBI base rate is 10 per cent.SBI has recently announced up to 3.5 per cent cut in lending rates to top-rated corporates, SMEs and farm loanborrowers but not for individuals, effective June 1.