4 neighbouring countries, Iran, Russia trading in INR with India: Govt
With Russia, India has initiated "rupee trade mechanism" for trade in INR; with Iran, bilateral trade payments arrangement was adopted in 2018, says govt
trade in rupee
August 2023
July 2023
May 2023
August 2022
RBI allows 20 banks to open Vostro accounts from 22 countries to boost trade in rupee
Also, an MoU has been signed between RBI and Central Bank of UAE to enable exporters and importers to invoice and pay in domestic currencies
The 'R' Club Dare to U.S. Dollar
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
Govt, RBI closely monitoring rupee, says FM
Rupee has recovered from its all-time low of over ₹80 against the U.S. dollar to ₹78.6 currently. FinMin says rupee has strengthened against currencies like Pound, Yen and Euro
