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Rupee | India's bid for global rupee transactions gets a boost with first-ever payment for UAE oil

India in July signed an agreement with the UAE for rupee settlement and soon after Indian Oil Corporation (IOC) made payments for purchase of a million barrels of crude oil from Abu Dhabi National Oil Company (ADNOC) in Indian rupees
Saudi Arabia Indian Oil Corporation Abu Dhabi National Oil Company India Oil Corporation Reserve Bank Digital Transactions

RBI monetary policy: FLDG guidelines to be out soon; banks can issue RuPay Forex card

The RBI has allowed non-bank prepaid payment instruments (PPI) issuers to issue e-RuPi vouchers, currently done by a few banks, in partnership with the NPCI for specific reasons, including payment of hospital bills, etc.
Himachal Pradesh Shaktikanta Das Monetary Policy Committee National Payments Corporation Of India Reserve Bank First Loan Default Guarantee

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