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          International Trade Settlement in Indian Rupees (INR) - As on Dec 01, 2022

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          International trade settlement in Indian Rupees expands payment options, reducing reliance on freely convertible currencies. International trade settlement in Indian Rupees is an additional, complementary mechanism to existing payment systems relying on freely convertible currencies, permitting cross border trade settlement in INR alongside current channels to reduce reliance on hard convertible currency, operating within existing foreign exchange management frameworks and administrative guidance.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  International trade settlement in Indian Rupees expands payment options, reducing reliance on freely convertible currencies.

                                  International trade settlement in Indian Rupees is an additional, complementary mechanism to existing payment systems relying on freely convertible currencies, permitting cross border trade settlement in INR alongside current channels to reduce reliance on hard convertible currency, operating within existing foreign exchange management frameworks and administrative guidance.


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