Poket News

RBI to discontinue system-based automatic caution-listing of exporters

 

  • In an effort to provide flexibility to exporters in the realisation of export proceeds, the Reserve Bank has decided to discontinue the system-based automatic caution-listing of exporters. 
  • RBI Governor Shaktikanta Das said the decision will also empower exporters to negotiate better terms with overseas buyers. 
  • Stating that exports have been adversely affected due to the pandemic related contraction in demand, Mr. Das said the decision is likely to make the system more exporter-friendly and equitable.