The Reserve Bank of India (RBI) enhanced the limit for retaining foreign
currency abroad to 3,000 USD per transaction for exporters against the existing
500 USD.
This is the second benefit that exporters got during this week. Earlier this week, the RBI announced 2 per cent interest subsidy on Rupee export credit to the labour-oriented and small scale sectors to cushion them from slowdown in the major markets like the US and Europe.
This is the second benefit that exporters got during this week. Earlier this week, the RBI announced 2 per cent interest subsidy on Rupee export credit to the labour-oriented and small scale sectors to cushion them from slowdown in the major markets like the US and Europe.
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