Hello Vikram,
RT is a BGP attribute of type extended community that is attached to a VPNv4 prefix in address-family vpnv4.
the vpnv4 prefix is made of:
Route_Distingusher:IPv4 prefix
the first is 64bits wide.
even if in simple scenarios RD=RT as value they are different concepts in MPLS VPN.
RD is there to provide support for address overlapping and segregation within a single PE.
RT is used to export routes to the core and as the criteria to decide to import routes in a VRF.
RD is unique
RT can be multiple values as happens for BGP community.
So if you mean a VPNv4 iBGP session if you don't set the export RT in the VRF config your routes will be without any RT value and shouldn't be imported in a VRF in the second PE.
But if it is an iBGP session within a VRF in address-family ipv4 vrf VRFname
the RT concept never applies to it because they just exchange IPv4 prefixes like with a normal CE.
Each sees the peer as a CE only router.
So what you see is correct.
Hope to help
Giuseppe