Tag: cross border transactions
India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiatives
Colombo: India and Sri Lanka have discussed ways to enhance trade settlement in local currencies to reduce transaction costs and insulate the bilateral trade from…
India, UAE step up efforts to expand re-dirham trade
More than 15% of the India-UAE trade has been invoiced in local currencies since the formalisation of the rupee-dirham mechanism nearly three years ago, India’s…
Cashfree appoints ex-Visa finance head Sameer Gandhi as its new CFO
Bengaluru-based payments processor Cashfree has appointed Sameer Gandhi as its chief financial officer (CFO), the company said in a note today. Gandhi was previously the…
King dollar risks losing its crown to an Asian mutiny
The highest US tariffs in almost a century have had a muted impact so far on global growth, but Asian policymakers aren’t lulled by the…
Acquisition financing by Indian banks to sanctions risk, 2026 set to be a learning year for India Inc
India Inc. is bracing for a decisive regulatory pivot in 2026 as policymakers and regulators sharpen their focus on resilience, compliance, and strategic autonomy. A…
RBI wants rupee internationalisation to support developed economy goal
The internationalisation of the Indian Rupees has already commenced with exporters invoicing in the local currency and it is likely to see a surge in…