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How RBI's Rupee Settlement System will promote India's global trade, bypass sanctions | Explained
💸 The Reserve Bank of India has unveiled a rupee settlement system for international trade. The new mechanism has been set up to settle trade transactions in rupees. The central bank’s move is all set to promote the growth of global trade in India and will support increasing global interest in the rupee.
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💸 The big move comes amid increasing pressure on the Indian currency in the wake of Russia’s...
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