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India to iron out rupee trade problems amid stranded Russian assets

In July 2022, amid western sanctions on Russia, the RBI announced the mechanism to allow local traders to settle imports and exports in rupees. ....

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De-dollarisation: Bangladesh becomes 19th country to trade with India in rupees

A delegation of India s central bank - Reserve Bank of India (RBI) - and SBI visited Bangladesh s capital Dhaka in April to discuss and finalise settling trade in INR and taka ....

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WATCH: Rupee to rescue countries facing foreign currency crunch; over 18 have opened vostro accounts

SRVA or Special Rupee vostro account is a new trade mechanism announced by India s central bank Reserve Bank of India (RBI) in July last year to settle cross-border trade in Indian rupee ....

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Dollar Trumped: Russia wants all cross-border trade with India settled in rupee, ruble

Head of the department for external economic and international relations of Moscow, Sergey Cheryomin said banks of both Russia and India should be “more active” in establishing a relationship with each other ....

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India to use G20 platform to improve rupee trade with countries facing currency issues

India s Commerce Secretary Sunil Barthwal said New Delhi is interested on settling international trade with more countries in Indian rupees ....

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