Reserve Bank of India (RBI) has changed rules on repatriating export proceeds, cutting timeframe from 15 months to 9 months. Announced June 10, this is part of a bigger push to boost dollar inflows,steady rupee. Changes are detailed in Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations,2026.
Now,exporters must bring earnings home within nine months of export date . Applies to Regulation 9(1) and 9(2)(a) of current framework. Exceptions might be allowed under Foreign Exchange Management Act (FEMA).
Analysts say shorter timeline could boost foreign exchange inflows,speed up settling exports. RBI wants tighter grip on unpaid export bills,cutting down time exporters had before.
Notification issued under Sections 7,8,and 47(2) of Foreign Exchange Management Act,1999. As central bank rolls out more measures to bolster economy, this move shows its focus on keeping currency stable amid global economic strains. But will it be enough…
