The Reserve Bank of India (RBI), which has given its nod to 18 countries for opening of Special Vostro Rupee Accounts to allow trading in the Indian currency, could open …
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Rupee trade
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As India and Iran reboot their ties, issues related to food security and cooperation in the agriculture sector are set to be the edifice, going ahead. The two countries have …
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Will the operationalisation of the 7,200 km long International North South Transport Corridor (INSTC) boost India-Iran ties and push trade between the two countries? India and Iran, once close partners, …
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Economy
Will Indian rupee and Russian ruble rule transactions along the 7,200 km transport corridor in the future?
India is looking at the rupee ruble payment system with Russia as a long term arrangement. An exercise that started off primarily to ease payments after Russia was barred from …
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India and the UAE have initiated talks to establish payments through a rupee dirham mechanism. The issue is also likely to find prominence as talks between the Gulf Cooperation Council …
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India, which has already been in talks with Russia for a rupee-rouble payment system, is now looking at expanding the rupee trade with other nations as well, including several countries …