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RUPEE RENMINBI PAYMENT
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...- Banks push for Yuan trade in GIFT City as India-China ties warm upIndia's GIFT City is considering allowing banks to transact in offshore renminbi. This move follows a suggestion from banks to broaden serv...
- Finding a quicker way around SWIFTA new global standard for financial messaging systems that came into force this year is expected to improve efficiency and reduce payments ...
- Why is internationalisation of rupee not gaining currency? Lessons from the India-Russia oil trade dealThe rupee-rouble settlement mechanism drawn up after the invasion of Ukraine shows the barriers in India’s plan to make the INR a globally ...
- The ease of doing eRupeeTo those who don’t want to hold money in a bank account for whatever reason, CBDC can provide a safer and logistically superior alternative...
- Rupee hits new low of 78.87 vs dollarThe rupee hit 78.87 to the dollar, its fresh lifetime low, plunging below the earlier floor of 78.38 recorded on June 22, Bloomberg data co...
- Indian businesses take UAE route for Russian paymentsCargo movements and associated trade payments are being routed through outfits and banks in Dubai in transactions that come across like reg...
- RBI discusses trade payment option with Russian banksBankers as well as regulators sense that the nature of sanctions in response to Russia's invasion of Ukraine are more serious compared to t...
- When most central banks are still iffy about digital currency, MAS’ Sopnendu Mohanty is gung ho about itCambodia is currently the only country in the world which has used DLT (distributed ledger technology or blockchain) to construct a nationa...
- Government may explore barter trade for oil purchasesFeasibility of exploring rupee-renminbi trade can also be explored as India had the highest trade deficit with China to the tune of $63.04 ...
- Trumponomics: Rupee better placed than other EM currenciesForex dealers said increased demand for the dollar kept pressure on the rupee, but a higher opening in the domestic equity market helped th...
- Renminbi adoption improves across IndiaRecently released SWIFT data shows that India’s use of (Renminbi) RMB for payments by value with China and Hong Kong is on the rise, but th...
- Uber users can soon pay for rides abroad using Paytm walletUber users can now pay for their rides in Indian currency while they travel abroad. The integration process is on and will be live by month...
- India's first rupee bond subscription touches $1 billionIFC, a member of the World Bank Group, has issued seven-year bonds worth $194 mn indicating increased global interest in rupee debt.
- IFC increases exposure limit in rupee bonds by $50 millionThis is the second increase to the IFC global rupee bond, which was issued in November 2013 under the $1 billion IFC global rupee bond prog...
- IFC doubles rupee bond offering to Rs 2,000 croreInternational Finance Corp (IFC) has doubled its rupee bond offering in global markets, to Rs 2,000 crore, citing strong investor interest.
- Curbing volatility: India, South Africa plan to settle trade in local currenciesIndia may secure South Africa’s approval for setting up a mechanism to settle bilateral trade in local currencies, a move aimed at reducing...
- RBI extends refinancing rupee loans by telecom companies to March 2014Further, the RBI also extended the scheme of availing of ECB for working capital for civil aviation sector till December 31, 2013.
- New labour rules may blunt China’s cost advantageThings couldn’t have gone so bad for China. With new labour laws taking effect from January 1 this year, labour costs in China are expected...
- Rupee world's favourite currencyInter-American Development Bank of US raised Rs 150 cr rupee-denominated debt in the Japanese mkt.
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