Neutral impactEconomy

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

Economic Times 51 min ago·20 Aug 2026, 1:50 pm

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 exporter obligations. The changes align with recent Reserve Bank of India foreign-exchange rules permitting broader rupee usage.

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