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Rules eased to help exporters receive payments in rupees
India has eased rules for rupee-based export payments, allowing exporters to invoice and receive payments in Indian currency or foreign currencies from non-ACU countries. Rupee export realisations will now qualify for trade-policy benefits and count towards export obligations, helping promote wider use of the rupee in international trade.
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economictimes.indiatimes.com
India eases rules for rupee export payments, seeks to widen trade settlement
India has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider use of the local currency in…
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thehindubusinessline.com
India eases rupee invoicing and payment rules for exporters
India eases export rules to allow wider rupee invoicing and payments, with eligible rupee receipts qualifying for FTP benefits and export obligations.
