New Delhi, Oct. 8 -- The Federation of Indian Export Organisations (FIEO) has urged the Reserve Bank of India (RBI) to extend the pre-shipment and post-shipment export credit period from the existing 270 days to 450 days, citing longer transit times, logistics disruptions and delayed realisation of export proceeds.

The demand follows the RBI's decision to raise the policy repo rate by 25 basis points to 5.5 per cent and shift its monetary policy stance to calibrated tightening.

FIEO President S C Ralhan said the rate hike was understandable amid rising inflationary pressures and the need to maintain price stability, but cautioned that higher borrowing costs could increase the financial burden on exporters, particularly micro, small and ...