ETV Bharat / business

RBI Announces Measures To Help Exporters

RBI decides to extend the time period for repatriation from foreign currency accounts of Indian exporters in IFSC, from one month to three months.

Mumbai: The Reserve Bank on Wednesday announced a host of measures to help exporters tide over challenges posed by the imposition of 50 per cent tariffs by the US administration on Indian shipments. The measures include reduced paperwork and compliance burden for small exporters and importers.

"The export sector is a vital part of India’s economy," said RBI Governor Sanjay Malhotra, while announcing steps to further strengthen the sector and enhance ease of doing business for traders.

One of the key measures is the extension of the time period for repatriation from for

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