Despite RBI's efforts to boost rupee usage in international trade, including Special Rupee Vostro Accounts, its adoption for invoicing and ...

The Indian Rupee's use in trade invoicing is growing. Data shows a significant rise in Rupee-based imports and exports. This trend offers p...

The Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, th...

If 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...

In multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...

Whenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...

Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volat...

A 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 ...

India's Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in...

India's currency, the Rupee, is beginning its global journey. Exporters are now invoicing in Rupees, a trend expected to grow significantly...

The survey suggested that it could assist Indian exporters in getting advance payments in rupee from overseas clients and in the longer ter...

The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry on Friday notified the changes to the policy. T...

According to a detailed recommendation shared with related ministries, the move will remove the need for settlement through convertible cur...

"In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading co...

Trade between India and Russia can be directly settled without involving dollar or euro or any other convertible currency.

The government has directed state-run banks to encourage local currency payments for bilateral trade transactions, a move that will cut dow...

A year after the rupee got its Devanagari identity, the RBI has taken the first step to popularise it in international trade.