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Lenders seek RBI's guidance as OFAC restricts payments via ACU mechanism

Lenders seek RBI's guidance as OFAC restricts payments via ACU mechanism
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Sri Lanka , United States , Departmental Group , Us Financial Intelligence Agency , Asian Clearing Union , Us Office Of Foreign Assets Control , Reserve Bank , Foreign Assets Control , Economic Times , Intelligence Agency , Inter Departmental Group ,

Indian banks reach out to RBI over US ban on ACU settlements

Indian lenders have approached the Reserve Bank of India (RBI) after the US Office of Foreign Assets Control (OFAC) asked banks to refrain from processing payments linked to the Asian Clearing Union (ACU) mechanism. The ACU allows transactions to be squared off by participating central banks on a multilateral basis. ....

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The Indian Rupee as International Currency

India is among the nations seeking to lessen their dependence on the US dollar in trade and cross-border transactions, launching initiatives to boost the rupee’s position as an internationally recognized reserve and payment currency. The rupee has room for more progress, but India has made great strides in raising its international status. ....

United Kingdom , Sri Lanka , South Africa , New Zealand , Cape Town , Western Cape , United Arab Emirates , Susan Strange , Stephanie Segal , Rajkumar Ranjan Singhs , Isabelle Mateosy Lago , Cathy Zhang , Ubaibirs Das , Faisal Ahmed , Pascal Farahmand , Shengzu Wang , India National Electronic Funds , Indian Institute Of Management Bangalore , International Financial Services Centre , Asian Clearing Union , Indian Council Of Social Science Research , Departmental Group , Indian Institute Of Banking , International Monetary Fund , Journal Of International Economics , Cambridge University ,

Rupee goes international - Journey of Indian currency since 1947

News and analytical articles about Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan. ....

New Zealand , Sri Lanka , United Kingdom , Lok Sabha , Departmental Group , Affairs Rajkumar Ranjan Singh , Union Minister , External Affairs , Rajkumar Ranjan Singh , Reserve Bank , Indian Rupee , Inter Departmental Group , Real Time Gross Settlement , Central Asia , News Agency ,

Rupee goes international - Journey of Indian currency since 1947

Rupee goes international - Journey of Indian currency since 1947
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New Zealand , New Delhi , United Kingdom , Sri Lanka , Lok Sabha , Amrit Kaal , Affairs Rajkumar Ranjan Singh , Departmental Group , Union Minister , External Affairs , Rajkumar Ranjan Singh , Reserve Bank , Indian Rupee , Inter Departmental Group , Real Time Gross Settlement ,