<h1>RBI Eases Credit Norms for Exporters: Extends Export Credit, Reduces Rates, Reintroduces 2% Subvention Amid Global Recession.</h1> The Reserve Bank of India has implemented several measures to ease credit norms for exporters affected by global recessionary conditions. These include extending the period for pre-shipment and post-shipment Rupee Export Credit by 90 days, reducing various rates to increase bank liquidity, and enhancing the Export Credit Refinance facility. The interest subvention of 2% on export credit has been reintroduced and extended. The ceiling rate on export credit in foreign currency has been raised, and authorized banks can consider early buy-back of FCCBs. Additionally, a refinance facility for the EXIM Bank and forex liquidity support for banks have been provided.