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Informist, Wednesday, Apr. 1, 2026

MUMBAI – The Reserve Bank of India Tuesday extended trade relief measures to support exporters hit by the disruptions from the war in West Asia till Jun. 30 from the earlier deadline of Tuesday. The central bank has allowed lenders to extend the credit period for both pre-shipment and post-shipment export credit to up to 450 days for loans disbursed till Jun. 30. The RBI had extended the maximum export credit to 450 days from one year in November 2025 to support exporters who faced 50% tariffs imposed by the US on various Indian goods. 

The moves are aimed at reducing the debt servicing burden and ensuring continuity of viable businesses amid geopolitical stress, the regulator said. Relaxations on repatriating the full export value of goods to 15 months from nine months of the date of export also remain in place indefinitely after their introduction in November. The Strait of Hormuz has been effectively shut and shipping disrupted with higher insurance costs after the US and Israel attacked Iran on Feb. 28 and killed its top leader.

The RBI has also allowed lenders to liquidate packing credit facilities availed before Aug. 31 from alternate sources such as domestic sales or substitute export orders in case the exporters could not dispatch the goods. The new directions will apply to commercial banks, co-operative banks, non-banking financial companies, and all-India financial institutions and are effective Tuesday.  End

US$1 = INR 94.83

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Divya Moolayattil 

Edited by Akul Nishant Akhoury

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