RBI Policy
FX account repatriation raised to 3 mos from 1 mo for exporters
This story was originally published at 13:13 IST on 1 October 2025
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MUMBAI – The Reserve Bank of India has decided to extend the period for repatriation of funds from foreign currency accounts outside India to three months from one month, Governor Sanjay Malhotra said on Wednesday while detailing the outcome of the Monetary Policy Committee's meeting.
In January, the central bank had permitted Indian exporters to open foreign currency accounts with a bank outside India for realisation of export proceeds, the RBI said. Funds in these accounts can be used to make import payment or have to be repatriated by the end of next month from the date of receipt of the funds.
The move will encourage Indian exporters to open accounts with IFSC banking units and increase forex liquidity in IFSC. The amendments to regulations will be notified shortly, the central bank said.
In a unanimous decision, the RBI's Monetary Policy Committee left the policy repo rate unchanged at 5.50%, the central bank's Governor Sanjay Malhotra said. The committee also retained its 'neutral' policy stance. End
Reported by Rati Chaphekar
Edited by Avishek Dutta
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