Monday, June 26, 2023

RBI in talks with leading global peers to promote digital rupee payments

Barely months before unveiling the CBDC pilot in both retail and wholesale segments, the central bank allowed rupee settlement for international trade as a step towards internationalisation of the rupee. Banks from 18 countries have opened rupee vostro accounts since July last year, helping their importers settle payments in the rupee.

from Economy-News-Economic Times https://ift.tt/oQ2WSxf
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