Here's how some banks plan to support exporters, but procedural delays play spoilsport

Exporters have made a pitch to the government to also allow them to rollover the forward contracts without any penalty or extra charge, the people said. The banks are open to this as well. Banks are considering giving short-term unsecured loans to exporters who had sold their anticipated dollar proceeds in the forward market, but haven’t received the revenue yet as their consignments are stuck.

from Banking/Finance-Industry-Economic Times https://ift.tt/2VWRPaU