India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters

The Economic Times has reported a new India-focused economy development: “Rules eased to help exporters receive payments in rupees.” The publisher's feed describes the story as follows: India has eased rules for rupee-based export payments, allowing exporters to invoice and receive payments in Indian currency or foreign currencies from non-ACU countries. Rupee export realisations will now qualify for trade-policy benefits and count towards export obligations, helping promote wider use of the ru

The Economic Times has reported a new India-focused economy development: “India eases rules for rupee export payments, seeks to widen trade settlement.” The publisher's feed describes the story as follows: India has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider use of the local currency in international trade transactions. Eligible rupee export receipts will now qualify for trade-policy benefits and count towards

The Economic Times has reported a new India-focused economy development: “Retail inflation may cross 6 per cent in Oct-Nov before easing in Q4 FY27: Report.” The publisher's feed describes the story as follows: Retail inflation in India may briefly surpass 6 percent in late 2024. This rise is expected before easing to approximately 5 percent by early 2026. Improving food supply conditions and monsoon recovery will help contain inflation. The Reserve Bank of India awaits more inflation data befo

The Economic Times has reported a new India-focused economy development: “RBI's early FCNR(B) deposit scheme closure 'data-driven' or a policy U-turn? Governor Malhotra explains.” The publisher's feed describes the story as follows: RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent calibration. This move aims to attract $80 billion into India's economy. The central bank cited stronger than expected dollar inflo