In its second attempt within a week to prop up the rupee, the Reserve Bank of India announced that from now on, 50% of the balances in the Exchange Earner's Foreign Currency accounts should be converted into rupee balances. Exporters have been asked to do this within a fortnight and credit the funds to their rupee accounts. The move marks a step back from November 30, 2006, when exporters were permitted to retain all their dollar earnings in EEFC accounts.