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Rupee-rouble rule: RBI clears path for faster India-Russia payments
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Amid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move allows authorized banks to open special rupee accounts, streamlining payments and reducing reliance on the dollar. Challenges remain due to trade imbalances and currency volatility, but measures are being explored to enhance efficiency and mitigate risks.
Author: ET
Published: August 13, 2025
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