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India Inc turns to RBI for US tariff buffer
Business Standard
|September 12, 2025
Engineering Export Promotion Council of India (EEPC) Chairman Pankaj Chadha said the council has urged the RBI to introduce an interest subvention scheme for MSMEs to help them remain competitive globally.
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"Indian exporters are facing a significant disadvantage, as our tariffs are 30 per cent higher than those of global competitors. We have urged the government to bridge at least half the gap (15 per cent). We have requested the RBI to allow exports to be settled at the REER rate, which is currently at 102, instead of the prevailing market rate of ₹88 per US dollar," Chadha said, adding that the difference could be compensated through RBI support.
This story is from the September 12, 2025 edition of Business Standard.
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