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RUPEE INVOICING
ET Prime Special Series: Multibagger or IBC - Part 64: An old 2-wheeler supplier that now earns more from a newer businessAt first glance, this auto ancillary company looks like a conventional two-wheeler supplier. But its business mix tells a wider story. A ne...
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...
Time for long-term investors to look at them again? 9 NBFC stocks with upside potential of up to 22%The reason NBFC stocks reacted quickly to the easing of the US-Iran war risk is not difficult to understand. For a lender, macro relief tra...
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...
How can I transfer or gift 800 grams of gold to my daughters?ET Wealth Reader's Query: I am a 50-year-old widower. My wife passed away a few years ago. I currently have around 800 grams of gold that b...
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...
Rs 96 lakh spent yearly, 'zero revenue' made: Founder shares why it is a smart business decision and not a money mistakeChandigarh-based founder and CEO Pratham Jindal recently shared on LinkedIn that he spends nearly ₹8 lakh every month on employees who do n...
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...
Falling rupee triggers curbs on FX positions; more steps likely to attract dollar inflowsThe Indian rupee fell to 95.28 against the US dollar on Tuesday, breaching the 95/$ mark. This decline has led to speculation that the cent...
'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 ...
RBI's rupee trade settlement a step towards internationalisation of rupee: ExpertsSpeaking at an event organised by IMC Chamber of Commerce and Industry, RBI's former Executive Director G Padmanabhan said, 'for internatio...
RBI's rupee trade settlement a step towards internationalisation of rupee: ExpertsEarlier this month, RBI had asked banks to put in place additional arrangements for invoicing, payment, and settlement of exports/ imports ...
RBI to take steps to check excessive volatility in forex marketAmid the Re touching nearly 9- month low against the US dollar, RBI said it will continue to take steps to check excessive volatility in th...
- On rupee symbol's first birthday, rupee-denominated deals made easier
A year after the rupee got its Devanagari identity, the RBI has taken the first step to popularise it in international trade.