The RBI has introduced immediate trade relief measures to help exporters struggling with debt servicing amid global trade disruptions. These include a loan moratorium, longer export credit tenors, and relaxed asset classification norms, applicable to banks, NBFCs, cooperative banks, and all-India financial institutions. The announcement follows signals from the US about reducing high tariffs on India. Key exporting sectors such as chemicals, plastics, rubber, leather, apparel, footwear, iron and steel products, and electrical machinery are covered under RBI's relief framework.
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