US tariff-hit exporters get relief from RBI

In a relief to tariff-hit export-oriented sectors and their lenders, the Reserve Bank of India (RBI) on Friday announced several measures to ease their access to working capital, enable higher borrowing limits, and defer loan repayments until the end of the calendar year.

- Anshika Kayastha

“Reserve Bank has taken the following measures with a view to mitigating the impact of trade disruptions on exports arising on account of global headwinds,” it said in a release, adding that the objective is also to lessen the burden of debt servicing and to ensure the continuity of businesses.