<h1>India Amends Foreign Trade Policy: Allows International Trade Settlements in Indian Rupees for Easier Transactions.</h1> The Government of India has amended the Foreign Trade Policy to allow international trade settlements in Indian Rupees, aiming to simplify trade transactions. The Directorate General of Foreign Trade introduced changes to permit invoicing, payment, and settlement of exports and imports in INR, aligning with RBI guidelines. These amendments cover various export promotion schemes, including exports for recognition as Status Holders, Advance Authorisation, Duty Free Import Authorisation, and Export Promotion Capital Goods Scheme. This policy shift is designed to promote the internationalization of the Indian Rupee and ease trade operations.