New Delhi: The Reserve Bank of India (RBI), on Wednesday, announced several measures to help exporters tide over challenges posed by the imposition of 50% tariffs by the US. These include reduced paperwork and compliance burden for small exporters and importers.

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

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

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