The Reserve Bank of India (RBI) on Thursday announced steps to encourage cost-border transactions using Indian Rupee and local/ national currencies. These liberalised norms come at a time when domestic currency is sliding and touched an all-time low of 86.76 per US dollar on Monday.  The Reserve Bank has already signed a Memorandum of Understanding (MoU) with the central banks of the United Arab Emirates, Indonesia and Maldives to encourage cros…

India TV News

India

Cross-border transactions: RBI announces steps to encourage use of Indian rupee

India's central bank has eased foreign exchange regulations to promote the rupee and other currencies in cross-border transactions. Indian exporters can now open foreign currency accounts overseas to settle trades, and non-residents can open rupee accounts for transactions with Indians. Additionally, non-residents can use these balances for foreign investments, including non-debt instruments.

The Economic Times

Sahu Jain family

RBI liberalises FX rules to promote cross-border trade

Media Bias/Fact Check

Rajat Sharma

The Reserve Bank of India on Thursday announced liberalised norms to encourage use of Indian Rupee and local/ national currencies to settle cross border transactions. The decision comes at a time when the domestic currency is sliding and touched an all-time low of 86.70 per US dollar on Monday. The Reserve Bank has already signed Memorandum of Understanding with the central banks of the United Arab Emirates, Indonesia and Maldives to encourage c…

NDTV Profit

RBI Announces Liberalised Norms To Boost Use Of Indian Rupee In Cross-Border Transactions

Experts believe that this move will significantly enhance the global usage of the Indian Rupee for cross-border transactions.

Tribune India

Chandigarh

RBI allows overseas branches to open rupee accounts, boosting investment in India - The Tribune

To encourage the use of the rupee and other currencies to settle cross-border transactions, India's central bank took steps to further liberalise …

Cryptocurrency News | Cryptocurrency Prices | Market Cap

Ebury, a global financial technology firm has announced its acquisition of ArcaPay, a Lithuania-based provider of B2B cross-border payment solutions.

thepaypers.com

Ebury acquires ArcaPay to expand cross-border payment services

Aroghene Favour Ndulu and Paschal Okeke are thrilled to announce the release of their latest report, “Emerging Trends in Cross-Border Payments: A Growth Guide for Stakeholders. “ The report aims to provide cross-border payment providers, founders, fintech operators, marketers, and investors with actionable strategies for navigating Africa’s evolving cross-border payments ecosystem. With cross-border transactions in Africa expected to reach $40 b…

technext24.com

Emerging trends in cross-border payments: A growth guide for stakeholders by Aroghene Favour Ndulu and Paschal Okeke

In today’s globalized world, the rise of e-commerce has opened up vast opportunities for businesses to sell products and services across international borders. However, with these opportunities come challenges, especially in handling secure and efficient cross-border payments. As traditional payment methods face hurdles like high fees, delays, and security concerns, digital currency has emerged as […] The post Digital Currency: Secure Solution f…

Cross-border transactions: RBI announces steps to encourage use of Indian rupee

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics