India, Russia to promote mutual trade in national currencies: MEA

India and Russia are actively working "to promote mutual trade" using their national currencies, Foreign...

RBI allows investment of surplus rupee in vostro account

The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts...

RBI eases norms for trade in Indian rupee

In a significant move aimed at further facilitating trade in Indian Rupees, the Reserve Bank of India (RBI) has...

India exploring trade in local currencies with Tanzania

India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the...

India-Saudi start discussions on trading in national currencies

In recent times, India has taken substantial steps to promote the usage of its national currency, the Indian rupee,...

Rupee goes international - Journey of Indian currency since 1947

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local...

Rupee goes international - Journey of Indian currency since 1947

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local...

22 nations have special bank accounts in India to trade in Rupee

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local...

ICICI Bank offers strong network of Rupee Vostro Accounts

This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and...

"Payments issue needs to be worked...": EAM Jaishankar

Jaishankar spoke about the expansion of the correspondent relationship network under International Trade Settlement...