Tag: special rupee vostro account
Posted in Economy
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…
Posted in Economy
Rupee pushed to the front in cross border transactions
The central bank Wednesday proposed measures to push the use of the rupee in trades beyond home and make the currency more widely used in…