{"id":5689,"date":"2022-08-13T02:26:17","date_gmt":"2022-08-13T02:26:17","guid":{"rendered":"https:\/\/trainingcentral.co.in\/?post_type=product&p=5689"},"modified":"2024-11-18T09:23:21","modified_gmt":"2024-11-18T09:23:21","slug":"international-trade-settlement-in-inr","status":"publish","type":"product","link":"https:\/\/trainingcentral.co.in\/portal\/product\/finance\/international-trade-settlement-in-inr\/","title":{"rendered":"International Trade Settlement in INR"},"content":{"rendered":"

This webinar takes you through the nuances of the new scheme for International Trade Settlement in INR (Indian Rupee) as published by RBI recently. This is a webinar which will be scheduled periodically and can be also scheduled on demand. If you wish to be informed when it is scheduled, please share your contact details and the Program Title you wish to be informed about at https:\/\/trainingcentral.co.in\/contact\/<\/a><\/p>\n

Overview<\/h3>\n

The Reserve Bank of India recently published the circulars detailing the mechanism for international trade settlement in Indian Rupee (INR). This measure was put in place to assuage the difficulties faced by companies following fluctuations in the cross-border currency rates post the Russia-Ukraine war, macroeconimic conditions in various economies around the world facing rising inflation, the vagaries of oil prices and various other factors.<\/p>\n

Introducing this measure by RBI will increase India\u2019s trade with countries facing US dollar shortage. It is also expected to pave the way for the INR\u2019s acceptance as a global currency. The facility will also promote growth of global trade with emphasis on exports from India<\/p>\n

Indian corporates, large and small, need to assess the impact of these facilities on their overseas trade and understand the processes which banks and financial institutions have put in place for facilitating such trade. This new arrangement is expected to have impact the following aspects of trade<\/p>\n