INR

International trade settlement in Indian Rupees via Special Rupee Vostro account

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Indian rupee notes

On Monday 11 July 2022, the Reserve Bank of India (RBI) announced that the settlement of international trade can be done in Indian Rupees (INR) in order to boost the growth of global trade and to emphasize exports from India. And this additional arrangement has been made for invoicing, payment, and settlement of imports and … Read more

US inflation hits 40 year high at 8.6%, Indian Rupee hits all time low of 78.22 against USD

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Stock Price: US inflation hits 40 year high at 8.6%, Indian Rupee hits all time low of 78.22 against USD

Today the Indian Stock Market Index Nifty fell by 2.89% to 15732.10 and Sensex fell by 2.96% to 33311.55. In intraday trading, the Indian rupee closed at an all-time low of 78.22 due to the rise in the price of crude oil and the rise in the dollar. Globally, central banks are continuously increasing their … Read more