Slew of measures announced to help exporters

The Reserve Bank on Wednesday announced a host of measures to help exporters tide over challenges posed by the imposition of 50 per cent tariffs by the US administration on Indian shipments.

- OUR CORRESPONDENT

The measures include reduced paperwork and compliance burden for small exporters and importers.

“The export sector is a vital part of India’s economy? said RBI Governor Sanjay Malhotra, while announcing steps to further strengthen the sector and enhance ease of doing business for traders.

One of the key measures is the extension of the time period for repatriation from foreign currency accounts of Indian exporters in IFSC, from one month to three months.

In January 2025, the RBI had permitted Indian exporters to open foreign currency accounts with a bank outside India for the realisation of export proceeds.