Tag: indian rupees

RBI announces measures for international trade settlement in rupees

RBI announces measures for international trade settlement in rupees

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Mechanism may enable Indian exporters to receive advance payment against exports from overseas importers in rupees Mechanism may enable Indian exporters to receive advance payment against exports from overseas importers in rupees The Reserve Bank of India (RBI) on Monday asked banks to put in place additional arrangements for export and import transactions in Indian […]

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No proposal to replace face of Mahatma Gandhi on banknotes: RBI

No proposal to replace face of Mahatma Gandhi on banknotes: RBI

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“It may be noted that there is no such proposal in the Reserve Bank,” the statement said “It may be noted that there is no such proposal in the Reserve Bank,” the statement said Dismissing reports, the Reserve Bank of India (RBI) on June 6 said there is no proposal to replace the face of […]

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