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Measures to promote use of INR for int'l trade announced
Millennium Post Delhi
|New Delhi 02October2025
RESERVE BANK’S BI-MONTHLY MONETARY POLICY

In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to nonresidents from Bhutan, Nepal and Sri Lanka for bilateral trade.
Observing that India has been making steady progress in the use of the Indian Rupee for international trade, RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to lend in Indian Rupees to nonresidents from Bhutan, Nepal and Sri Lanka for cross-border trade transactions.
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हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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