International Trade Settlement in Indian Rupees (INR) – Opening of additional Current Account for exports proceeds

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Full Text of the Document

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....rts proceeds Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.10 dated July 11, 2022, in terms of which an additional arrangement has been put in place for invoicing, payment, and settlement of exports/imports in INR through Special Rupee Vostro Accounts of the correspondent bank/s of the partner trading country maintained with AD Cat....