The Reserve Bank of India on Wednesday announced a slew of measures to promote the internationalisation of the rupee. These include allowing foreigners to invest money stored in rupee vostro accounts ...
Foreign investors withdrew Rs 23,885 crore from Indian equities in September, marking the third consecutive month of outflows, driven by US trade shoc ...
This article explores crypto trading sites in detail — from their creation and evolution to their structure, operations, role in the financial world, and key issues like regulation, security, and ...
Union Minister Piyush Goyal stated that India does not encourage cryptocurrencies lacking sovereign or asset backing, such as those not supported by the Reserve Bank of India (RBI) or local currency.
The timing of the measure is significant as nearly 90 per cent of India’s exports to South Asia in 2024–25, worth about $25 billion, were directed toward these neighbouring economies ...
Steps include lending in rupees to neighbours, expanding SRVA investment options, and adding reference rates for partner currencies.
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Special Rupee Vostro Account (SRVA): RBI’s big move to promote rupee in International Trade
Indian authorised dealer banks and their overseas branches can now extend loans in rupees to residents and banks in Bhutan, Nepal, and Sri Lanka. Understand how.
India’s rupee is the worst performer in Asia this year, dragged down by the highest US tariffs in the continent. Bloomberg India is rolling out long-term plans to reduce dependence on the dollar, as ...
RBI is implementing measures to internationalise the rupee, aiming to reduce dollar dependence. New reference rates for major trading partner currenci ...
The Reserve Bank of India has announced significant measures to elevate the rupee's global role, permitting cross-border lending in INR to Bhutan, Nepal, and Sri Lanka, and expanding the use of ...
The Indian rupee posted its fifth consecutive monthly fall against the U.S. dollar, and hit a record low on Tuesday, as trade tensions between India and the United States escalated, pushing up dollar ...
In the latest MPC meeting, RBI Governor Sanjay Malhotra outlined plans to strengthen the Indian currency and more ...
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