The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions.

The Reserve Bank of India (RBI) on Thursday announced steps to encourage cost-border transactions using Indian Rupee and local/ national currencies. These liberalised norms come at a time when ...

Picture a time long before the digital age, when knowledge passed through vibrant discussions, scholarly debates, and profound teachings. The ancient universities of India were intellectual ...

with the central banks of the United Arab Emirates, Indonesia and Maldives to encourage cross-border transactions in local currencies, including Indian Rupee.

MUMBAI, Jan 16 (Reuters) - The Indian ... rupee on Thursday, as the currency declined on the back of dollar bids from importers and foreign banks, three traders told Reuters. The rupee was down 0. ...

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Muscat: Indian rupee witnessed the steepest ... The reserve as on 3/1/2025, was $634.58 billion and the decline was mainly due to the intervention of RBI in the Forex market to keep rupee fall under ...

The Indian rupee’s plunge to a record low, breaching the critical 86-per-dollar mark, has fuelled speculation about whether the Reserve Bank of India (RBI) will reassess its stance on cutting ...

The rupee logged its steepest fall in nearly two ... 2023 when the unit had lost 68 paise. The Indian currency has witnessed the deepest plunge of more that Re 1 in the past two weeks from the closing ...

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Additionally, foreign institutional investors (FIIs) continued to offload investments, with a net outflow of Rs 7,170.87 crore from the Indian capital markets on Thursday. Crude oil prices add ...

The rupee depreciated 2.8% in 2024 due to a strengthening USD, high US bond yields, geopolitical tensions, and substantial FPI outflows. A weak rupee poses various economic challenges. Read on to know ...