Importers use rupee’s recovery to increase hedging
Average dollar purchases by importers, beyond the spot date, rose to $1.64 billion last week from $1.14 billion the week before, latest data collated by
Average dollar purchases by importers, beyond the spot date, rose to $1.64 billion last week from $1.14 billion the week before, latest data collated by
Successful implementation of FTAs, rupee trade, export schemes, PLI may provide relief India’s exports moved in tandem with the global trade in 2022, grew steadily
Settlement of foreign trade in rupee has finally taken off, with a few transactions involving Russian firms having taken place recently, trade sources told FE.
The dollar has undisputed dominance in the global economy. The Federal Bank of America is increasing the interest rates heavily due to the slowdown in
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
Tired of a too-strong and newly weaponized greenback, some of the world’s biggest economies are exploring ways to circumvent the US currency. Smaller nations, including
India’s Central Bank has approved banks to open 05 ‘Vostro’ accounts for trade with Sri Lanka through the Indian rupee trade settlement mechanism, Reuters reported
About 30-35 countries, including those from Asia, Scandinavia and Africa, have expressed interest in better understanding the proposed rupee trade mechanism for possible adoption, banking
Average dollar purchases by importers, beyond the spot date, rose
Successful implementation of FTAs, rupee trade, export schemes, PLI may
Settlement of foreign trade in rupee has finally taken off,
The dollar has undisputed dominance in the global economy. The
India, which has already been in talks with Russia for
Tired of a too-strong and newly weaponized greenback, some of
India’s Central Bank has approved banks to open 05 ‘Vostro’
About 30-35 countries, including those from Asia, Scandinavia and Africa,
