RBI ANNOUNCES MECHANISM FOR INTERNATIONAL TRADE SETTLEMENTS IN RUPEES
RBI ANNOUNCES MECHANISM FOR INTERNATIONAL TRADE SETTLEMENTS IN RUPEES The Reserve Bank of India (RBI) on Monday announced an additional framework for invoicing, payment, and settlement of exports/imports in Indian rupees. According to the RBI, the authorised dealer banks should get the prior approval from its Foreign Exchange Department. The central bank said the measure […]
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