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India, neighbors in talks for cross-border Rs trade: RBI guv

RBI governor Shaktikanta Das has said the central bank is in talks with South Asian countries for cross-border trade in

The Securities and Exchange Board of India (Sebi) is considering an ambitious plan to alter the payment mechanism in stock

The Reserve Bank of India (RBI) has permitted banks to open 12 special “vostro accounts”, to facilitate import-export trade in

The Centre amended the foreign trade policy (FTP) to enable traders to claim export benefits even if payment is settled

On the lines of an arrangement being worked out with Russia, India is in talks with Sri Lanka, the Maldives

State Bank of India, which was earlier reluctant to open rupee trade accounts with Russian banks, seems to have moved

Indian banks are weighing the risk of opening correspondent banking relations with Russian banks, including ones that have a presence

The commerce ministry allowed invoicing, payment and settlement of exports and imports in Indian rupee, a move aimed at facilitating

RBI has allowed trade settlements between India and other countries, including Sri Lanka and Russia, in rupees. “In order to

In view of difficulties being faced by exporters in getting payments from crisis-hit Sri Lanka, the RBI allowed settlement of