.png "RBI has introduced several measures to support exporters amid global trade uncertainties")
- The forex outlay period for merchanting trade transactions was extended from 4 to 6 months.
- Exporters can now repatriate funds from IFSC accounts within 3 months (earlier 1 month).
- Small‑value export/import bills up to ₹10 lakh can be closed on self‑declaration, easing compliance.
- A revised ECB framework will widen access, rationalise limits, and relax maturity norms.
- RBI also promoted rupee trade via Special Rupee Vostro Accounts (SRVAs) and rupee loans to neighbours.
- These measures aim to ease liquidity, cut compliance burden, and boost India’s export competitiveness.
Question:
Q.1 The Reserve Bank of India (RBI) extended the foreign exchange (forex) outlay period for merchanting trade transactions from 4 months to how many months?a) 3 months
b) 5 months
c) 6 months
d) 9 months
Answer: c) The forex outlay period for merchanting trade transactions was extended to 6 months from 4 months, allowing traders more flexibility in settlement timelines.
