RBI reportedly cuts export earnings repatriation deadline from 15 months to 9
The Economic Times reports that the Reserve Bank of India’s shorter deadline for bringing export proceeds back into the country aims to boost dollar liquidity and support the rupee.
TLDR
The Economic Times reports that the RBI has withdrawn a relaxation that gave exporters 15 months to bring overseas earnings back to India, setting a nine-month deadline instead. The change aims to increase dollar liquidity and support the rupee, the report says. It also says banks have been given expanded powers over trade transactions ahead of the new rules taking effect.
RBI reportedly cuts export earnings repatriation deadline from 15 months to 9
The Economic Times reports that the Reserve Bank of India’s shorter deadline for bringing export proceeds back into the country aims to boost dollar liquidity and support the rupee.
TLDR
The Economic Times reports that the RBI has withdrawn a relaxation that gave exporters 15 months to bring overseas earnings back to India, setting a nine-month deadline instead. The change aims to increase dollar liquidity and support the rupee, the report says. It also says banks have been given expanded powers over trade transactions ahead of the new rules taking effect.