The Reserve Bank of India has withdrawn a planned easing of export earnings repatriation rules before it could take effect, cutting the deadline for exporters to bring home foreign exchange from 15 months to 9 months. The move is expected to speed up dollar inflows, bolster domestic forex liquidity and offer support to the rupee at a time when the central bank has been actively intervening in currency markets.
RBI Pulls Back Export Repatriation Relaxation, Tightens Deadline to 9 Months
R
RDU Global Correspondent
BFSI & Fintech Desk
Mumbai, India 41m ago•4 min read
The Reserve Bank of India has withdrawn a planned easing of export earnings repatriation rules before it could take effect, cutting the deadline for exporters to bring home foreign exchange from 15 months to 9 months. The move is expected to speed up dollar inflows, bolster domestic forex liquidity and offer support to the rupee at a time when the central bank has been actively intervening in currency markets.
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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
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