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Covid-19: RBI announces relief for exporters, gives breather to states/UTs

It would help the exporters to realise their receipts from nations adversely affected by the virus and also negotiate future export deals

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The RBI decided not to activate the counter-cyclical capital buffer for a year, or earlier as necessary.

1 min read Last Updated : Apr 01 2020 | 12:53 PM IST

After slashing lending rates significantly and providing relief in payment of EMIs, the Reserve Bank of India announced another set of measures on Wednesday to deal with the impact of novel coronavirus (Covid-19) pandemic on the Indian economy.

RBI extended the realisation period of exports proceeds from nine months to 15 months for exports made up to or on July 31, 2020. This would help the exporters to realise their receipts from nations adversely affected by the virus and also negotiate future export deals.

In another move, RBI constituted an advisory committee under the chairmanship of Sudhir Shrivastava to review

Topics : Coronavirus Ways and Means Advances Reserve Bank of India exporters

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