Independent journal on economy and transport policy
15:29 GMT+2
Sharp rise in exporters' demand for low-cost bank funds
(Exim India)
June 29, 1999
Exim News Service
Calcutta, June 28
With a view to reducing funding costs for exporters, the Reserve Bank of India (RBI) has allowed them to interchange pre- and post-shipment credit. There has been a sharp rise in the number of exporters approaching banks for low-cost funds following the RBI's relaxed norms on forward sale of export earnings.
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