Business in rupee might spice up investments in government debt

MUMBAI : The Reserve Financial institution of India’s (RBI) coverage to permit business settlements in rupees may result in larger investments in executive bonds and propel India’s exports to sanctions-hit Russia. Below the mechanism, Indian importers will make bills in rupees that shall be credited to the vostro account of the correspondent financial institution of …

Business in rupee might spice up investments in government debt Read More »