Current Affairs · Banking and Finance
Regarding cross-border rupee trade settlements, what mechanism has been enabled by the Reserve Bank of India (RBI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Restricting rupee-denominated trade operations to SAARC nations only
- 2Use of decentralized crypto tokens for sovereign trade settlement
- 3Mandatory U.S. dollar-based settlement for all types of exports
- 4Use of INR for the invoicing, payment, and settlement of international trade transactions✓
Correct answer
Use of INR for the invoicing, payment, and settlement of international trade transactions
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