Transactions in rupee-mode not successful for payment of oil imports
NEW DELHI : India’s push for rupee to be used to pay for import of crude oil has not found any takers as suppliers have expressed concern on
Rupee jumps 24 Paise against US Dollar
NEW DELHI : The Rupee appreciated 24 Paise to close at 83.09 against the US Dollar on Wednesday as the American currency retreated from its elevated levels after
Rouble-rupee trade plan between Russia and India hits a roadblock over conversion issues
NEW DELHI : The rupee-rouble trade between India and Russia may hit a roadblock with traders finding the currency conversion after pegging it with the US dollar cumbersome and expensive,
Iran insists India to use Rupee & Rial in bilateral trade
TEHRAN : Tehran nudged New Delhi to use respective national currencies, Rupee and Rial, for settling payment in bilateral trade, as Prime Minister Shri Narendra Modi’s National Security
India pushes for trade in rupees to boost exports amid global trade slowdown
NEW DELHI : India and Bangladesh have agreed in principle to use local currency for trade in a boost for India’s efforts to internationalise the rupee, reduce dollar
Rupee in a sweet spot as dollar loses lustre
NEW DELHI : In May 2022, when the RBI began the current rate hike cycle with a sudden 40 basis points hike in repo rate, there was much
Rupee trade arrangement to reduce transaction cost : Piyush Goyal
NEW DELHI : Commerce and Industry Minister Shri Piyush Goyal said that,international trade in the domestic currency will help reduce transaction cost for the industry and several countries
India is ready for rupee trade with countries facing currency crisis : Sunil Barthwal
NEW DELHI : Commerce Secretary Sunil Barthwal on Friday said India is ready to trade in Indan Rupee with countries which are facing currency failure or have dollar
Second largest bank of Russia launches direct payments in rupees
NEW DELHI : Russian VTB Bank, Russia’s second largest bank, launches direct payments in rupees in what would boost bilateral trade and investments in a big way. Russian SME clients can now