Mumbai: The Reserve Bank of India has reduced the time limit for realisation of export proceeds into India to nine months from 15 months as part of broader measures to support foreign exchange inflows and India’s balance of payments.With this move, exporters will be required to repatriate export earnings to India within nine months of shipment, a shorter timeframe to bring back earned foreign exchange against the 15-month timeframe available so far. “As the repatriation timeline for exports gets shortened, it can accelerate the inflows of forex earnings,” said Punnet Pal, head of fixed income at PGIM India Mutual Fund.
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