As Western sanctions drive Moscow and its clients to find alternatives to the dollar for settling payments, Indian refiners have started paying in Chinese yuan for the imports of Russian oil, sources said. Western disciplines over Russia’s attack on Ukraine have moved worldwide exchange streams for its trade, with India…
Last year when the Reserve Bank of India(RBI) disclosed guidelines on cross-border trade transactions in the INR, the procedure of opening a Special Rupee Vostro Account (SRVA) started. SRVA is an account which domestic banks can maintain for foreign banks in the Indian rupees. This enables it to provide international…
Farmers started to protest at three Delhi borders, i.e. Ghazipur, Sighu and Tikri from November 26 last year. After almost 14 months of severe agitation against the center’s three controversial farm laws, on thursday the farmers took back their call of the protest and will vacate the protest sites on…