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INDIAN RUPEE INVOICING
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...- India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiativesIndia and Sri Lanka are exploring ways to settle trade using their own currencies. This move aims to cut transaction costs and shield busin...
- India, UAE step up efforts to expand rupee-dirham tradeOver 15% of India-UAE trade has been invoiced in local currencies since the rupee-dirham mechanism launched nearly three years ago. Both na...
- RBI efforts boost rupee usage, yet global adoption remains limitedDespite RBI's efforts to boost rupee usage in international trade, including Special Rupee Vostro Accounts, its adoption for invoicing and ...
- Rupee being increasingly used for imports and exports: RBI reportThe Indian Rupee's use in trade invoicing is growing. Data shows a significant rise in Rupee-based imports and exports. This trend offers p...
- RBI flags US-Iran war's impact on rupee, lists measures to manage forexThe Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, th...
- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
- 'Show me the papers', bankers tell cos to guard against any FEMA violations falloutIndian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volat...
- I-PAC director Vinesh Chandel sent to 10 days in ED custodyA special court in Delhi has remanded Vinesh Chandel, co-founder of I-PAC, to 10 days of ED custody after his arrest in a money laundering ...
- Rupee’s global role key to reducing India’s external risks: T Rabi SankarIndia's Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in...
- RBI wants rupee internationalisation to support developed economy goalIndia's currency, the Rupee, is beginning its global journey. Exporters are now invoicing in Rupees, a trend expected to grow significantly...
- Promoting international trade in rupee to help reduce currency volatility: SurveyThe survey suggested that it could assist Indian exporters in getting advance payments in rupee from overseas clients and in the longer ter...
- Policy amended, international trade can now be settled in RupeeThe Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry on Friday notified the changes to the policy. T...
- Banks told to speed up rupee vostro accountsAccording to a detailed recommendation shared with related ministries, the move will remove the need for settlement through convertible cur...
- RBI introduces mechanism for international trade settlements in rupees"In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading co...
- How India and Russia can trade directly in rupee-roubleTrade between India and Russia can be directly settled without involving dollar or euro or any other convertible currency.
- State-run banks asked to settle bilateral trade deals in local currencyThe government has directed state-run banks to encourage local currency payments for bilateral trade transactions, a move that will cut dow...
- On rupee symbol's first birthday, rupee-denominated deals made easierA year after the rupee got its Devanagari identity, the RBI has taken the first step to popularise it in international trade.
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