India eases rules for rupee export payments, seeks to widen trade settlement

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 amends Foreign Trade Policy for easier rupee invoicing and payments for exporters.” The publisher's feed describes the story as follows: The government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export benefits and obligations, aligning with new regulations. This change applies to exports to all countries, with specific rules for ACU members. R

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