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RBI extends 450-day export credit benefit till June 30

The RBI noted that it has received several requests from stakeholders highlighting difficulties in meeting earlier deadlines for realising export proceeds. These challenges have been largely linked to the ongoing geopolitical situation and its impact on trade flows  

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The new rules have come into effect immediately and will apply to all institutions involved in export financing. Representational pic

The new rules have come into effect immediately and will apply to all institutions involved in export financing. Representational pic

The Reserve Bank of India on Tuesday extended the enhanced export credit period of up to 450 days till June 30, 2026, to support exporters facing disruptions due to the ongoing West Asia crisis.

The central bank said the decision was taken in view of continuing logistical challenges arising from geopolitical tensions in West Asia.

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