Indian EXIM trade can happen in INR now, says RBI
The Reserve Bank of India (RBI) has permitted invoicing, payment and settlement of exports/imports in INR.
Before putting in place this mechanism, authorised dealer (AD) banks shall require prior approval from the Foreign Exchange Department of Reserve Bank of India, Central Office at Mumbai, says a notification from the central bank.
https://www.itln.in/latest-new....s/indian-exim-trade-
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