Centre has started trade with neighbouring countries in INR, says Anupriya Patel
1 year, 4 months ago

Centre has started trade with neighbouring countries in INR, says Anupriya Patel

Firstpost  

All 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.

India Trade Bangladesh Indian Bank Rbi Banks Bhutan Inr Bilateral Trade  minister  bank  banks  centre  indian  bilateral  inr  bhutan  india  rupee  patel  countries  neighbouring  started  anupriya  trade

History of this topic

Dedollarisation: 22 countries exploring bilateral trade with India in rupees, says Nirmala Sitharaman
1 year, 3 months ago

Dedollarisation: 22 countries exploring bilateral trade with India in rupees, says Nirmala Sitharaman

Firstpost  

Union Finance Minister Nirmala Sitharaman said these 22 countries are willing to settle bilateral trade in Indian rupee, ‘because many of… those are running short of dollar’ As many as 22 countries approached India to explore bilateral trade in rupees, Union Finance Minister Nirmala Sitharaman said, adding that negotiations with them are underway. Sitharaman said that these countries are willing …

India, Russia trade hit record high in 2022, settled in INR, ruble
1 year, 8 months ago

India, Russia trade hit record high in 2022, settled in INR, ruble

Firstpost  

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Indian rupee going global? After Russia, 35 countries show interest in INR trade settlement mechanism
1 year, 11 months ago

Indian rupee going global? After Russia, 35 countries show interest in INR trade settlement mechanism

Firstpost  

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India, Bhutan to have 7 more entry-exit points for trade: Govt
3 years, 1 month ago

India, Bhutan to have 7 more entry-exit points for trade: Govt

India TV News  

India and Bhutan will have seven additional entry and exit points for trade as part of measures to increase trade connectivity, the government said on Wednesday. "The two sides held extensive discussions on the current trade and transit issues, including measures to further strengthen bilateral trade relations and issues of mutual interest, on ways to increase trade connectivity between the …

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