RBI Opens Doors For Rupee In World Trade
To promote the use of the Indian Rupee (INR) in global trade and reduce dependence on the US dollar, the Reserve Bank of India (RBI) introduced major changes on August 5, 2025, to simplify how foreign banks open Special Rupee Vostro Accounts (SRVAs). These accounts allow foreign banks to hold and use rupees for trade payments with India, helping Indian exporters and importers avoid the need for third-party currencies like the dollar or euro.
Read more at: https://organiser.org/2025/08/11/307559/bharat/goodbye-dollar-dependence-rbi-opens-doors-for-rupee-in-world-trade/
- 12 Aug 2025
- WerIndia
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