The Reserve Bank of India (RBI) has allowed the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency. The RBI has finalised a strategic action plan for 2024-25, focusing on liberalising the external commercial borrowing framework and 'Go-live' for phase I of the software platform for ECBs and trade credits reporting and approval (SPECTRA) project.
from Banking/Finance-Industry-Economic Times https://ift.tt/zY0Lcmo
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