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In a move aimed at strengthening regional trade and payment systems, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons residing in Bhutan, Nepal, and Sri Lanka.The RBI said the step was taken to facilitate cross-border trade transactions and is part of its ongoing efforts to ease external …
Read More »Regional trade push: RBI allows rupee credit to Bhutan, Nepal and Sri Lanka; extends forex repatriation window – The Times of India
