Why trade settlement in rupee is off to a tentative start
Feb 17, 2023•6 min•Ep. 146
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Episode description
Some 20 banks have opened special vostro accounts to settle foreign trade in rupees. However, the mechanism is yet to take off with exporters flagging issues. Russian buyers, meanwhile, are offering payments to Indian exporters in yuan and dirham. Ravi Dutta Mishra explains in his report.
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