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Rapeseed Oil News - RBI Permits International Trade in Indian Rupees (INR)
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RBI Permits International Trade in Indian Rupees (INR)

RBI has announced International Trade settlements in INR. This major step is taken to promote the growth of global trade with an emphasis on exports from India and to support the increasing interest of the global trading community in INR. RBI has decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in INR to permit AD Banks for International Trade Settlement in Indian Rupees (INR).