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RBI gives exporters more time to bring money home
Business
The RBI just made life a bit easier for Indian exporters by extending the deadline to bring back money from overseas sales—from 9 months to 15 months.
This change, kicking in from November 13, comes as exporters face stress due to the hefty 50% US tariff on Indian goods that started in August.
The goal? Give exporters more breathing room as they deal with new trade hurdles.
Big financial boost for export businesses
On top of that, the government approved two major schemes worth over ₹45,000 crore: an Export Promotion Mission and a Credit Guarantee Scheme.
According to PM Modi, these moves will improve export competitiveness, help MSMEs, first-time exporters, and labor-heavy sectors.