Bank-to-bank arrangement: INR trade settlements operate like correspondent banking under regulatory guidance. International trade settlement in INR is characterized as a bank-to-bank arrangement analogous to correspondent banking, so interbank processes and ... Summary
Bank-to-bank arrangement: INR trade settlements operate like correspondent banking under regulatory guidance.
International trade settlement in INR is characterized as a bank-to-bank arrangement analogous to correspondent banking, so interbank processes and correspondent facilities govern cross-border INR transactions rather than a country-to-country settlement mechanism.
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