Policy amended, international trade can now be settled in Rupee

September 16, 2022

The Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry on Friday notified the changes to the policy. The central bank allowed authorised banks in India to open special rupee Vostro accounts of correspondent banks of any partner trading country to facilitate trade in the Indian currency.

More To Explore

Hindustan Zinc declares Rs 10 interim dividend. Check record date

The board’s announcement comes after a wave of investor optimism earlier in the week, with shares rising 4–6% ahead of the June 11 meeting, during

June 11, 2025

Rare earth mining stock GMDC rallies 18% in 8 sessions amid fears of supply disruptions

Shares of Gujarat Mineral Development Corporation have increased almost 18% recently. The stock has consistently performed well over the last few trading sessions. GMDC shares

June 11, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003