India: RBI sets up system to settle trade in rupees
#1

The Reserve Bank of India (RBI) has put in place a mechanism to facilitate international trade in rupees (INR), with immediate effect. 

However, banks acting as authorised dealers for such transactions would have to take prior approval from the regulator to facilitate this.

https://www.thehindu.com/business/Econom...627987.ece
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#2

Good move better for India.
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