Centre amends Foreign Trade Policy to allow international trade settlements in Indian Rupees

Nov 09, 2022

The Government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in...

"Payments issue needs to be worked through": Jaishankar on Rupee Vostro Account system

Apr 17, 2023

Jaishankar spoke about the expansion of the correspondent relationship network under International Trade Settlement in Indian Rupees through Special Rupee Vostro Account system.

India unveils new Foreign Trade Policy, focus on international trade settlement in rupees

Mar 31, 2023

Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1.

Trade settlement with Russia in rupees to start soon: Export body president

Sep 15, 2022

New Delhi [India], September 15 : India will soon start settling trade with Russia in rupees as the State Bank of India has agreed...

RBI sets up mechanism to settle international trade payments in rupees

Jul 11, 2022

Mumbai (Maharashtra) [India], July 11 : The Reserve Bank of India (RBI) on Monday announced a mechanism to settle payments for international trade in...

Trade settlement between India, Malaysia now possible in Indian Rupee

Apr 01, 2023

Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies.