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Push exports on urgent basis, RBI to Govt
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SME Times News Bureau | 04 Jun, 2021
The Reserve Bank of India (RBI) has suggested that the government should
boost exports with a targeted policy support on an urgent basis.
In
his statement post the Monetary Policy Committee's (MPC) bi-monthly
meeting, RBI Governor Shaktikanta Das said that with external demand
strengthening, a rebound in global trade is taking hold, which should
support India's export sector.
Global demand conditions are
expected to improve further buoyed by fiscal stimulus packages and the
fast progress of vaccination in advanced economies, he said.
Noting
that India's exports in March, April and May 2021 have launched into an
upswing, Das said that conducive external conditions are forming for a
durable recovery beyond pre-pandemic levels.
"The need of the
hour is for enhanced and targeted policy support for exports. It is
opportune now to give further policy push by focusing on quality and
scalability," he said.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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64.50 |
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