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RBI cuts exporters’ earnings repatriation deadline to nine months

2 sources · first seen 22:01 25 Sept · updated 00:43 26 Sept

The brief

Written from 2 reports · check the source before you trade
  • RBI reversed its earlier allowance for exporters to repatriate earnings within 15 months
  • The new deadline is 9 months; banks receive more powers
  • Exporters face faster foreign-exchange conversion; banks gain discretion over trade-related processing

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Read the reports

2 reports · earliest 22:01
Business LineRBI seeks faster export earnings repatriation, delegates more powers to Banks22:01Economic TimesRBI withdraws relaxation on export earnings repatriation00:43