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of <h1>India Amends Foreign Trade Policy to Allow Export Transactions in Indian Rupees, Aligns with RBI Circular No.10.</h1> The Central Government has amended the Foreign Trade Policy (FTP) 2015-2020 to align with the RBI's A.P. (DIR Series) Circular No.10 dated 11th July 2022. Key changes include allowing export benefits and fulfillment of export obligations for transactions in Indian Rupees, particularly for exports to Iran, and recognizing export performance in Indian Rupees for status holder recognition. These amendments permit invoicing, payment, and settlement of exports and imports in INR, effective immediately. The changes were approved by the Minister of Commerce & Industry and announced by the Directorate General of Foreign Trade.
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