Trade Settlement in Rupee: Ingenious Indeed

Trade Settlement in Rupee: Ingenious Indeed

The Indian central bank seems to have hit multiple birds with one stone with this one stroke – preserving Forex, stabilising INR, enhancing liquidity and attempting to increase its acceptability as a global currency  The Reserve Bank of India’s (RBI) decision to allow international trade settlement in Rupee is a welcome one and has far reaching consequences in promoting the […]

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