The move also comes at a time when the United States has slapped tariffs as high as 50% on Indian goods, effective Aug. 27.(Photo: Bernd Dittrich/Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

In a major relief to exporters, the Reserve Bank of India has permitted them to bring proceeds of their shipments in 15 months, instead of the current timeframe of nine months.

The relief was granted in view of the stress being faced by a section of exporters due to the shorter timeframe.

The move also comes at a time when the United States has slapped tariffs as high as 50% on Indian goods, effective Aug. 27. Exporters are facing issues due to these steep duties imposed by the US on Indian shipments.

Currently, the value of goods or software exports made by exporters

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