RBI sets up mechanism to settle international trade payments in rupees

Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) on Monday announced a mechanism to settle payments for international trade in rupees, which will help boost India's global trade, especially the country's exports.

"In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of the global trading community in INR, it has been decided to pu