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India-Malaysia to Trade in Rupees Bypassing US Dollar

India-Malaysia to Trade in Rupees Bypassing US Dollar
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Internationalization of Rupee will improve current account deficit, reduce currency risk: PHDCCI President Pradeep Multani | Economy News

Reserve Bank of India s new mechanism for settling international trade in Indian currency is a significant step toward internationalizing the rupee in the long run, said Pradeep Multani, President, PHD Chamber of Commerce and Industry.

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Ruppees Global Showdown

The RBI declared a preparation for domestic traders to resolve imports and exports in rupees. The central bank.

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RBI spells out re-settlement terms

The RBI said that authorised banks would need to take its permission before instituting the rupee trade settlement mechanism

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RBI s New Mechanism for International Trade Settlement in Indian Rupee

In this short explainer, we discuss the RBI's new mechanism to enable international trade settlements in the Indian Rupee.

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