India's Central Bank, RBI Announces International Trade Settlement in Indian Rupees

Retrieved on: 2022-07-11 20:26:12

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Economy

Financial services

Banking

Nostro and vostro accounts

Foreign trade of India

Foreign exchange market

Indian rupee

Correspondent account

Reserve Bank of India

Foreign Exchange Management Act

Import

Current account

India

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India's Central Bank, RBI Announces International Trade Settlement in Indian Rupees. View article details on hiswai:

Excerpt

Before putting in place this mechanism, AD banks shall require prior approval from the Foreign Exchange Department of Reserve Bank of India, Central ...

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