For trade finance, why Indian exporter always opt for packing credit in INR Currency

Question

Accepted Answer

Indian exporters opt for packing credit in INR currency for trade finance.

Packing credit is a pre-shipment finance provided by banks to exporters to finance the purchase, processing, and packing of goods.
Indian exporters prefer INR currency as it eliminates the risk of exchange rate fluctuations.
INR currency also helps in reducing the cost of borrowing as the interest rates are lower compared to foreign currency loans.
Moreover, Indian banks have a better understanding of the local market and can provide better support to exporters in case of any issues.
Overall, opting for packing credit in INR currency is a safer and more cost-effective option for Indian exporters.

Accepted Answer

So that sub-suppliers can manufacture the items that are required for the goods to be exported.

Accepted Answer

The basic purpose of Packing Credit Finance is to enable the exporter to procure, process, manufacture or store the goods for export. Packing credit refers to the credit granted by bank to an exporter to enable him to pack the goods. This is short-term working capital advance

Accepted Answer

Just get some one refrence . Or ask Branch managers for it. Or just Prepare for hard core sale

Accepted Answer

INR is best for Indians through which exchange overall currency

Accepted Answer

Indian exporters opt for packing credit in INR currency for trade finance. Packing credit is a pre-shipment finance provided by banks to exporters to finance the purchase, processing, and packing of goods. Indian exporters prefer INR currency as it eliminates.Indian exporters opt for packing credit in INR currency for trade finance. Packing credit is a pre-shipment finance provided by banks to exporters to finance the purchase, processing, and packing of goods. Indian exporters prefer INR currency as it eliminates.

For trade finance, why Indian exporter always opt for packing credit in INR Currency

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