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Image Source : Energyinfra market Screenshot 2024 04 12 014802

RBI, IRDAI urged to mitigate Red Sea Crisis impact on exports


Last Update 12 April 2024

The finance ministry urged banking and insurance regulators to monitor export credit availability and insurance premium increases amid Red Sea trade disruptions caused by Houthi attacks on cargo ships. Officials instructed the RBI and IRDAI, in a letter also addressed to Exim Bank, to address concerns raised by exporters about potential increases in export costs due to these disruptions.

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