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of <h1>RBI Updates Master Circular on Rupee and Foreign Currency Export Credit for Scheduled Commercial Banks, Effective July 1, 2008.</h1> The Reserve Bank of India issued an updated Master Circular on July 1, 2008, consolidating all current instructions regarding rupee and foreign currency export credit and customer service for exporters. This circular, applicable to all scheduled commercial banks excluding regional rural banks, updates the previous version from July 2, 2007, and includes clarifications provided throughout the year. It aims to streamline the provision of export credit by banks to exporters, ensuring all relevant guidelines are compiled in one document. The circular is available on the RBI website for reference.
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