Rupee trade mechanism: Banks wary of U.S. sanctions, says EEPC’s Garodia

Rupee trade mechanism: Banks wary of U.S. sanctions, says EEPC’s Garodia

RBI and the banks need to arrive at an understanding to make the rupee trade mechanism seamless, Arun Kumar Garodia said There is a lack of clarity among banks about the International Trade Settlement mechanism in rupees (INR) and those with exposure to the U.S. are wary of sanctions, the Chairman of India’s Engineering Export […]

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