News / India's move to rupee for trade set to boost business with Russia

International North South Transport Corridor Map
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The Indian government, through its banking regulator Reserve Bank of India (RBI), has issued new guidelines allowing exports-imports to be denominated in rupees (INR).

The move ostensibly has a two-pronged goal: to get around mounting challenges for trade with Russia in the wake of global sanctions ...

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    Currency fluctuations Federation of Indian Export Organisations India International North South Transport Corridor Reserve Bank of India Russia-Ukraine War