![]() ![]() RBI has clarified matters related to operationalisation of SRVAs through the said FAQs, which are available to banks, importers and exporters etc,” Mr. RBI has also issued Frequently FAQs on its website. ![]() “Procedures for trade in INR have been delineated by RBI in the Circular (No 10 RBI/2022-2023/90 dated on ‘International Trade Settlement in Indian rupees’. and the European Union while making inroads for the national currency in bilateral and global trade. ![]() In the last one year, India has finalised trade pacts with partner countries such as the UAE and Australia and begun negotiation with others such as the U.K. INR: India Rupees: 13.310: 5: AUD: Australia Dollars. Trade in local currencies have been mooted as a solution to avoid the current wave of wartime international sanctions that are hampering supply chains and global trade flows. Independently ranked as the world's favorite provider of free currency tools and services. The announcement came in the backdrop of the commodities crisis that was triggered by the Western sanctions against Russia after President Vladimir Putin launched the so called “special military operation” against Ukraine on February 24, 2022. India must prepare to curb volatility risks of international rupee: RBI Deputy Governor ![]()
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