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Saturday, October 5, 2019

RBI moves towards rupee convertibility

In one of the small steps towards capital account convertibility, the RBI has allowed foreign exchange-settled rupee derivatives trading in International Financial Services Centres (like the GIFT City in Gujarat). It also allowed banks to offer non-residents both rupee accounts without time limits and foreign exchange.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News


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