RBI cuts time for exporters to repatriate earnings

MUMBAI (Reuters) - The Reserve Bank of India said on Monday it has cut the time that exporters have to bring back into the country the value of goods or software they have exported to nine months from 12.

It said its new guideline will take effect immediately and will be valid until the end of September.

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=7991&Mode=0

(Reporting by Shamik Paul)