[Resolved]  Indusind Bank — Pre close of LC payment

Address:

560053

We are importer of paper and most of our business is on LC. We have ask our banker to pre close the part payment of our LC as the rupee was in favourable price. But our banker refuse to pre close stating that RBI guideline doesn't permit to pre close the LC. We are confuse why we cannot pre close our LC payment. Please provide the detail for the same.