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Updated: Jul 12, 2022, 06:50 PM IST

DNA Explained What is RBI’s global trade settlement system via rupees

The Reserve Bank of India (RBI) has put in place a mechanism to settle international trade in rupees “in order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in the rupee”.

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The Reserve Bank of India (RBI) has put in place a mechanism to settle international trade in rupees “in order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in the rupee”.

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