Search For "local currency"
India, Nigeria to finalise Local Currency Settlement System Agreement soon
Updated : 1 year, 10 months ago IST
India and Nigeria have agreed to an early conclusion of the Local Currency Settlement System Agreement to strengthen bilateral economic ties
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India, Nigeria agree for early conclusion of local currency settlement sys
Updated : 1 year, 10 months ago IST
The two sides agreed for an early conclusion of the Local Currency Settlement System Agreement to further strengthen bilateral economic ties.
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Pakistan rupee again loses value against US dollar, closes at 278.40 PKR
Updated : 1 year, 11 months ago IST
According to the State Bank of Pakistan (SBP), the American dollar appreciated by 11 paise against the local currency to PKR 278.40 from PKR 278.29 a day earlier.
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Afghanistan's struggling economy led to deflation, poverty: World Bank Rep
Updated : 2 years, 1 month ago IST
According to the report, Afghanistan has been facing economic challenges due to reduced aggregate demand, including factors like the stronger local currency, dwindling household savings, reduced public spending, and the ban on opium cultivation.
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Pakistan slashes petrol price by PKR 14, high-speed diesel by PKR 13.5
Updated : 2 years, 3 months ago IST
It reported citing a notification from the Pakistan Ministry of finance, the new prices of petrol are PKR 267.34 and PKR 276.21 for HSD. The State Bank reported the dollar had settled at PKR 283.51 on Thursday after losing against the local currency. Dealers said the market stayed calm even
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Rupee goes international - Journey of Indian currency since 1947
Updated : 2 years, 7 months ago IST
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
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First ever crude oil transaction in local currency undertaken between Indi
Updated : 2 years, 7 months ago IST
This is India’s first-ever LCS and is expected to reduce transaction costs and time and increase reliance on local currencies. This will further add to the preferential terms accruing from CEPA. Traders can choose the payment currency based on mutual agreement.
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Rupee goes international - Journey of Indian currency since 1947
Updated : 2 years, 7 months ago IST
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
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22 countries opened special bank accounts in India to trade in Rupee: Mini
Updated : 2 years, 7 months ago IST
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed on Friday.
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Pakistan's economic growth will contract by 0.3 pc in fiscal year 2023: Re
Updated : 3 years, 1 month ago IST
Fitch Solutions anticipated that the current cycle of rupee devaluation has not yet ended and that rupee will continue to lose its value against the US dollar, considering the high demand for foreign currency to pay for imports and repay colossal foreign debt.
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Rupee dives to all-time low versus dollar
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra)[India], October 10 (ANI): The Rupee on Monday dropped to a fresh record low against the US dollar, with an increased sell-off resulting from the good US jobs report which hints at more aggressive hikes from US Federal Reserve. The local currency declined 37 paise, to a r
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Secy Dammu Ravi concludes visit to Tanzania; discusses trade in local curr
Updated : 3 years, 5 months ago IST
New Delhi [India], October 8 (ANI): Secretary (Economic Relations) Dammu Ravi in the Ministry of External Affairs during his visit to Tanzania held discussions on exploring possibilities of opening an Indian SEZ (Special Economic Zone) in Tanzania and bilateral trade in local currency.
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