RBI moves towards rupee convertibility https://ift.tt/2MiLscP - Walletnews For Me

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Friday, October 4, 2019

RBI moves towards rupee convertibility https://ift.tt/2MiLscP

In one of the small steps towards capital account convertibility, the RBI has allowed foreign exchange-settled rupee derivatives trading in International Financial Services Centres (like the GIFT City in Gujarat). It also allowed banks to offer non-residents both rupee accounts without time limits and foreign exchange.
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