RBI Eyes New Exporter Relief as Loan Moratorium Fails Amid US Tariffs

• RBI is exploring fresh support for Indian exporters impacted by U.S. tariffs, as a previous loan moratorium saw low participation.
• Sectors like garment, jewellery, leather, and chemicals are hit by U.S. tariffs up to 50%, partly due to India's Russian oil imports.
• U.S. President Donald Trump warned of higher tariffs if India doesn't curb Russian oil imports, escalating trade tensions.
• The earlier RBI loan moratorium had less than a fifth of eligible exporters apply, mainly due to strict revenue loss proof requirements.
• New measures under consideration include easing moratorium criteria, offering fresh subsidized loans, or providing cash subsidies.

Why It Matters: RBI seeks effective ways to aid exporters struggling with U.S. tariffs after its initial loan relief fell short.