https://www.taxtmi.com/news?id=73049 The Reserve Bank of India reports a sustained increase in the use of Indian Rupee (INR) for import and export invoicing and settlement, reflecting the broader internationalisation of the currency through its use in current and select capital account transactions. Greater use of INR as an invoicing and settlement currency is associated with reduced exchange rate risk, lower dependence on costly foreign exchange reserves in convertible currencies, lower transaction costs, and the development of bilateral exchange rate markets. en-us Fri, 29 May 2026 16:01:04 +0530 Fri, 29 May 2026 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73049 The Reserve Bank of India reports a sustained increase in the use of Indian Rupee (INR) for import and export invoicing and settlement, reflecting the broader internationalisation of the currency through its use in current and select capital account transactions. Greater use of INR as an invoicing and settlement currency is associated with reduced exchange rate risk, lower dependence on costly foreign exchange reserves in convertible currencies, lower transaction costs, and the development of bilateral exchange rate markets. News - Fri, 29 May 2026 16:01:04 +0530 https://www.taxtmi.com/news?id=73049