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 repatriation of funds and high transactional
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 the US inflation came lower than
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, one official and two traders said,
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 Advisor, Ajit Doval, had a meeting
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 demand and cushion Indian exports amid
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 squirming all around. For the Indian
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 are in discussion with the RBI
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 shortage. Speaking after the unveiling of
