"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.

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.

India, Myanmar explore trade opportunities in pharmaceuticals, agriculture, petroleum

Feb 15, 2025

India and Myanmar on, February 14, discussed possibilities in areas of pharmaceuticals, pulses & beans, petroleum products and greater use of the recently launched...

RBI launches retail digital rupee on pilot basis

Dec 01, 2022

The digital rupee would offer features of physical cash like trust, safety and settlement finality.

India, UAE in talks for rupee-dirham denominated bilateral trade

Nov 25, 2022

India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade.

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...