RBI for orderly movement in Rupee

RBI for orderly movement in Rupee

The new policy of settlement of overseas trade in the local currency, has been welcomed by serveral sections of Trade community in the country.  The plan now makes Importers buy goods from abroad and make payment in Indian Rupee, which inturn would be credited to the special account of the correspondent bank of the partner country.  The exporters inturn will be paid from the balances in the designated special account.


Now let us wait and see how the new policy of RBI is effective and beneficial to the Forex Traders.

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