India Plans to Offer Incentives for Rupee-Denominated Exports to Boost Trade With Russia: Report

Aug 24, 2022 | EARNINGS

Last month, the Reserve Bank of India (RBI) allowed international trade to be settled in Indian rupees. Rupee-denominated transactions are expected to avert the western sanctions that were previously imposed on Russia, Iran, and several Latin American countries with which Delhi has substantial trade.

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