India, June 25 -- RBI Governor Sanjay Malhotra met representatives of various export organisations, export promotion councils, the Confederation of Indian Industry (CII), and the Foreign Exchange Dealers' Association of India (FEDAI) in Mumbai to discuss issues affecting the export sector.
During the meeting, the Governor acknowledged exporters' contribution to India's economic growth and resilience amid global trade uncertainties and geopolitical challenges. Discussions focused on matters related to the Foreign Exchange Management Act (FEMA), 1999, including export regulations, export credit, letters of credit, and other operational issues.
The Reserve Bank of India said it will examine the suggestions and feedback received during the me...