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Local currency

In setback for India, China rejects proposal for bilateral trade in domestic currencies

India had suggested China for renminbi-rupee trade to boost its exports

Dec 02, 2018, 12:28 PM IST

FM concerned over high overseas derivative rupee market

Amid currency volatility, Finance Minister P Chidambaram today expressed concern over high derivative trading on rupee in overseas markets and stressed on more financial reforms to boost the local currency market.

Dec 14, 2013, 16:14 PM IST

BRICS Exim Banks sign 2 pacts on local currency credit facilities

The export-import banks of the BRICS group of five emerging economies Thursday signed two pacts which seek to extend credit facilities to each other in local currencies and reduce demand for fully-convertible units.

Mar 29, 2012, 13:39 PM IST