Business Matters | Settling foreign trade payments in rupees | How does it help India?
Автор: The Hindu
Загружено: 2022-07-20
Просмотров: 13651
Early last week, the Reserve Bank of India put in place a system to allow international trade and payment settlements in Indian rupees.
Indian traders undertaking imports via this mechanism shall make payments in rupees which shall be credited into the Special Vostro account of the correspondent bank of the partner country. Indian exporters shipping goods and services under this mechanism, shall be paid export proceeds in rupees from the balances in the designated Special Vostro account of the correspondent bank of the partner country.
Why is this development interesting? Which countries may be interested in using this facility? How does it help India?
Script and presentation: K. Bharat Kumar
Production: Shibu Narayan
Videography: Johan Sathyadas J
Thank you for watching our video!
You can subscribe to our channel here: https://bit.ly/3c8Adi6
Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more.
You can also download our apps:
Android: https://bit.ly/3nboBEi
iOs: https://apple.co/3EDCwt4
The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz
Follow us:
Twitter: / the_hindu
Instagram: / the_hindu
Доступные форматы для скачивания:
Скачать видео mp4
-
Информация по загрузке:
