RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade
Cabinet approves Rs 6,000-crore capital infusion in Exim Bank to augment capital adequacy, support Indian exports
Exim Bank is the principal export credit agency in India and the infusion will give an impetus to new initiatives
The Exim Bank estimate said merchandise exports will go up to $82.39 billion for the third quarter of the fiscal year, as against $77 billion.