1 year, 4 months ago
Centre has started trade with neighbouring countries in INR, says Anupriya Patel
FirstpostAll bilateral trade activities with Bhutan are entirely conducted in INR, the minister said. The minister also noted that all bilateral trade activities with Bhutan are entirely conducted in INR. As of July 2, RBI has approved 34 applications from different Russian banks for opening SRVA in 14 Indian commercial banks,” the minister said in a written reply. “To formally launch trade in INR, a formal Exchange of the Letters of Credit, i.e, LC documents in INR between the first exporter and importer through their banks was also carried out on July 11, 2023,” she said.
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