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Foreign trade policy changes to boost rupee internationalisation, add flexibility for exporters: CII's Sanjay Budhia
New foreign trade policy amendments will ease exporter invoicing and payments in Indian rupees. This move promotes rupee internationalization and offers exporters greater flexibility and certainty. Indian industry welcomes the government's efforts to modernize the foreign trade framework. Rupee export proceeds will now qualify for foreign trade policy benefits.
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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.
