Africa's bloc to promote use of local currency to boost trade

Jun 14, 2022

Nairobi [Africa], June 14 (ANI/Xinhua): The African Continental Free Trade Area (AfCFTA) on Tuesday said it will promote the use of local currencies in...

Secy Dammu Ravi concludes visit to Tanzania; discusses trade in local currency

Oct 08, 2022

New Delhi [India], October 8 : Secretary (Economic Relations) Dammu Ravi in the Ministry of External Affairs during his visit to Tanzania held discussions...

Moody's downgrades India's ratings to Baa3, maintains negative outlook

Jun 02, 2020

New York, June 2 : Moody's Investors Service has downgraded India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2 and local-currency senior...

22 countries opened special bank accounts in India to trade in Rupee: Minister

Jul 21, 2023

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual...

De-dollarisation not on agenda, only agreements for Vostro accounts with countries for trade in local currency: RBI Governor

Dec 06, 2024

Responding to questions during the post-monetary policy press conference, the central bank governor said all that RBI has done is permit the opening of...

Rupee depreciates 38 paise to 81.78 against dollar

Oct 03, 2022

Mumbai (Maharashtra) [India], October 3 : On Monday, rupee was trading at 81.78 against US dollar in early trade, tracking a muted trend in...