Rupee Payment News Today

India has made history by conducting its first-ever payment in rupees for crude oil purchased from the UAE, signaling a strategic move to promote the global use of its local currency. According to the PTI report, as the world's third-largest energy consumer, India aims to pursue similar deals with other suppliers, emphasizing the internationalization of the rupee. , Industry News, Times Now

India's first-ever payment in rupees for crude oil purchased from the UAE is helping the world's third largest energy consumer push for taking the loc

Oil Imports: With the nation more than 85% dependent on imports for meeting its oil needs, India has been pursuing a three-pronged strategy of buying from the cheapest available source, diversifying sources of supply and not breaching any international obligation like the price cap in case of Russian oil.

India Business News: NEW DELHI: India’s first-ever payment in rupees for crude oil purchased from the UAE is helping the world’s third largest energy consumer push for tak.

Prime Minister Narendra Modi has said that India and France have agreed on usage of the Unified Payments Interface (UPI) mechanism and it will begin from the Eiffel Tower, which means Indian tourists can pay in rupees to visit the world famous site.

Under the new FTP, online approvals made in the textile and apparel industry without physical interference would reduce the processing time and be a game changer, Rajkumar noted.

Confederation of Indian Textile Industry (CITI) chairman T Rajkumar said India was expected to breach USD 760 billion exports with the new foreign trade policy.

Trade policy seeks to support merchanting trade, e-commerce

The government had on October 7 invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution.

RBI sets up rupee payment mechanism for global trade