RBI Moratorium: Impact on exporters & banks

Recent US tariffs, coupled with broader global economic pressures, have created a payment crisis for Indian exporters.

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Many American buyers are either pausing orders or renegotiating prices, severely straining cash flows for Indian businesses. In response, the RBI made a crucial announcement on 14 November 2025, something market participants are informally calling the ‘Trump Relief’. The RBI clarified that the primary objective is to ease the debt burden on exporters, ensuring they can continue operations during this difficult phase. The relief will be channelled through all regulated entities, including commercial banks, cooperative banks, and NBFCs. The only condition: the borrower's account must be classified as ‘standard’ as of 31 August 2025.

Key relief measures