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RBI allows payment for International trade in Rupee | Business News | WION

WION by WION
October 5, 2022
in Business
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RBI allows payment for International trade in Rupee | Business News | WION
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Indian Central Bank RBI has introduced a rupee settlement system for international trade yesterday. The system could help India promote its export and facilitate trade with countries under sanction now under the new mechanism exporters and importers can use

#RBI #InternationalTrade #Rupee

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Tags: alternative trade arrangementbreaking newsBusinessbusiness enwsbusiness news africabusiness news australiabusiness news australia todaybusiness news europebusiness news new zealandbusiness news us marketbusiness news usa todayeu business news european enterprise awardsfall in rupeeindia russia rupee payment mechanismindian rupee for international tradeindian rupees and rubble trade arrangementinternationalinternational trade settlementinternational trade settlementslatest news todaynew business usa 2022Newsnews todaypaymentrbirupeerupee rouble traderupee settlement system for international traderupee-ruble trade arrangement concernsrupee-ruble trade arrangement impactrupee-ruble trade arrangement upscrupees in international markettradeus financial news todaywineWionworld news
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Comments 46

  1. Danielle Somerfield says:
    3 years ago

    Good on them.

  2. Abhinav Safi says:
    3 years ago

    This will help Indian rupee to get more powerful. If indian rupee get expected world wide, that will help in forex exchange rates.

  3. Viyath Araliya says:
    3 years ago

    Good decision. Time to end the dollar monopoly. Many regards from sri lanka 🇱🇰

  4. Avinash Balakrishna says:
    3 years ago

    De-Dollarise the world economy… It is USA responsible for the Global Economic Crises… It has made the dollar stronger to control inflation in home by shifting it to others….

  5. Subhodeep Mondal says:
    3 years ago

    the main constrain in the foreign buyer have to accept and collect INR in their portfolio, the confidence need to be there with them.

  6. Jonathan Torres 🕎✝️ says:
    3 years ago

    As He sat on the Mount of Olives, the disciples came to Him privately, saying, “Tell us, when will these things be, and what will be the sign of Your coming and of the end of the age?” Jesus answered them, “Take heed that no one deceives you. For many will come in My name, saying, ‘I am the Christ,’ and will deceive many. You will hear of wars and rumors of wars. See that you are not troubled. For all these things must happen, but the end is not yet. For nation will rise against nation, and kingdom against kingdom. There will be famines, epidemics, and earthquakes in various places. All these are the beginning of sorrows. Then they will hand you over to be persecuted and will kill you. And you will be hated by all nations for My name’s sake. Then many will fall away, and betray one another, and hate one another. And many false prophets will rise and will deceive many. Because iniquity will abound, the love of many will grow cold. But he who endures to the end shall be saved. And this gospel of the kingdom will be preached throughout the world as a testimony to all nations, and then the end will come.” Matthew 24:3‭-14 MEV
    (OBS: In the age of technology, the good news of the kingdom can reach the whole world.)

    There will be signs in the sun and the moon and the stars; and on the earth distress of nations, with perplexity, the sea and the waves roaring; men fainting from fear and expectation of what is coming on the inhabited earth. For the powers of heaven will be shaken. Luke 21:25-26 MEV

    (OBS: In the age of technology, men know what is happening on the inhabited earth, no longer are they limited by local information.)

    Immediately after the tribulation of those days, the sun will be darkened, the moon will not give its light; the stars will fall from heaven, and the powers of the heavens will be shaken. Then the sign of the Son of Man will appear in heaven, and then all the tribes of the earth will mourn, and they will see the Son of Man coming on the clouds of heaven with power and great glory. And He will send His angels with a great sound of a trumpet, and they shall gather His elect from the four winds, from one end of the heavens to the other. Matthew 24:29‭-31 MEV

    (OBS: This is the sixth seal of the book of Revelation, pay much attention here, because the signs of the sixth seal >match< the signs of Matthew 24:29-30, the sixth seal is when the rapture happens; before the great tribulation, before the seven trumpets.)

    When these things begin to happen, look up and lift up your heads, for your redemption is drawing near. Luke 21:28 MEV

    Because you have kept My word of patience, I also will keep you from the hour of temptation which shall come upon the entire world, to test those who dwell on the earth. Revelation 3:10 MEV

    (OBS: Rapture before the time of temptation, which will be the government of the antichrist during the great tribulation.)

    For the Lord Himself will descend from heaven with a shout, with the voice of the archangel, and with the trumpet call of God. And the dead in Christ will rise first. 1 Thessalonians 4:16 MEV

    (OBS: Rapture when the trumpet is sounded by God, just as Matthew 24:31 says. It is not the seventh trumpet, which is sounded by angel.)

    For as in the days before the flood, they were eating and drinking, marrying and giving in marriage, until the day Noah entered the ark, and did not know until the flood came and took them all away, so will be the coming of the Son of Man. Matthew 24:38‭-‬39 MEV

    (OBS: People will not be eating and drinking and marrying during the great tribulation, therefore, rapture will happen before the great tribulation, when people are still distracted.)

    When they say, “Peace and safety!” then sudden destruction will come upon them as labor upon a woman with child, and they shall not escape. 1 Thessalonians 5:3 MEV

    (OBS: Sudden destruction near the rapture.)

    For the mystery of lawlessness is already working. Only He who is now restraining him will do so until He is taken out of the way. Then the lawless one will be revealed, whom the Lord will consume with the breath of His mouth, and destroy with the brightness of His presence, 2 Thessalonians 2:7 MEV

    (OBS: Who is restraining the antichrist from revealing himself? Who is stopping the antichrist from rising? The adopted sons of God; the Holy Spirit in them, to be precise! When the elect are raptured, the antichrist will be free to take over. Rapture will trigger the great tribulation and the government of the antichrist.)

    Two will be in the field; one will be taken, and the other left. Two women will be grinding at the mill; one will be taken, and the other left. Matthew 24:40‭-41 MEV

    (OBS: Rapture.)

    Know this first, that there shall come scoffers in the last days who walk after their own lusts, and say, “Where is the promise of His coming? For since the fathers fell asleep, all things have continued as they were since the beginning of the creation.” 2 Peter 3:3‭-4 MEV

    (OBS: Apostasy of the last days, when more and more men are denying God and going after their own sinful desires.)

    But the day of the Lord will come like a thief in the night, in which the heavens will pass away with a loud noise, and the elements will be destroyed with intense heat. The earth also and the works that are in it will be burned up. 2 Peter 3:10 MEV

    (OBS: The destructions that will happen near the rapture, just as the days of Sodom and Gomorrah; the righteous is rescued and the judgements are poured upon the wicked, and “like a thief in the night” means it will happen when you do not expect, “heavens will pass away” means the sky will vanish as a scroll that is being rolled up, which is mentioned in Revelation 6:14 and Isaiah 34:4.)

    In a moment, in the twinkling of an eye, at the last trumpet, for the trumpet will sound, the dead will be raised incorruptible, and we shall be changed. 1 Corinthians 15:52 MEV

    (OBS: People around the world have been hearing trumpets from the sky in different times, it has been happening for a few years. When the last trumpet sounds, the redeemed will be rescued and the great tribulation will begin. The last trumpet here is not the seventh trumpet; the seventh trumpet is sounded by angel and the rapture trumpet is sounded by God.)

    He causes all, both small and great, both rich and poor, both free and slave, to receive a mark on their right hand or on their forehead, so that no one may buy or sell, except he who has the mark or the name of the beast or the number of his name. Revelation 13:16‭-17 MEV

    (OBS: In the last days, no one will be able to buy or sell without a mark from the government/beast of the antichrist, which will take place during the great tribulation, which is at the door.)

    The fourth angel poured out his bowl on the sun, and power was given to him to scorch men with fire. Revelation 16:8 MEV
    ‘They shall neither hunger any more, nor shall they thirst any more; the sun shall not strike them,’ nor any scorching heat; Revelation 7:16 MEV
    (OBS: In the last days it will get hotter and hotter, but those who are redeemned and saved by the Lord will not suffer from this plague. The hot climate is an inevitable plague from God to judge the world, one of many, and it is not caused by mankind's pollution as satan wants everyone to believe.)

    And I will give power to my two witnesses, and they will prophesy for one thousand two hundred and sixty days, clothed in sackcloth. Revelation 11:3 MEV

    When they have finished their testimony, the beast that ascends from the bottomless pit will wage war against them and overcome them and kill them. Revelation 11:7 MEV

    Those from every people and tribe and tongue and nation will see their dead bodies for three and a half days, and will not allow their dead bodies to be put in graves. Revelation 11:9 MEV

    (OBS: People all over the world will be able to see, this could only happen in the age of technology.)

    But you, Daniel, shut up the words and seal the book until the time of the end. Many shall run to and fro, and knowledge shall increase. Daniel 12:4 MEV

    (OBS: In the last days, many people travel to many places and knowledge is increased.)

    For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish, but have eternal life. John 3:16 MEV

    Behold, the Lord of lords is coming soon, repent now of all your sins — turn away from all sins — and abide in the only Savior and Lord Jesus the Christ (Yeshua the Messiah) with all your heart, for the kingdom of heaven is at hand.

  7. Gavin janavar deric says:
    3 years ago

    So it's true rupee rouble trade link
    Brics here we go🥰🥰🥰 🔥🔥🔥🔥🤣

  8. Isuru Dilshan says:
    3 years ago

    Its the highest time to say goodbye to dollar monopoly. Great move India 🇱🇰

  9. NIKE Risk Everything says:
    3 years ago

    Time to look for our interest.
    US and Europe can go to hell.

  10. TRIGGER4o4 says:
    3 years ago

    developing countries like India can not afford to jeopardise their economy by following the west, the Indian govt. is doing what is best for the country, developed countries with its sections should understand this and if not, we don't give a damn either

  11. ACE's journey says:
    3 years ago

    Much needed move

  12. Mata and love says:
    3 years ago

    Very good

  13. 汉服百度 Hanfu Colorful says:
    3 years ago

    India, just like Europe, will never figure it out that the US took all the IT guys and CEOs to the US from India, and financially colonized India

    Indian Rupees drops to a 20-year low

    1980: 1$ USD = 6.5 Chinese Yuan, 1$USD = 7 Indian Rupees

    2022: 1$ USD = 6.5 Chinese Yuan, 1$USD = 79 Indian Rupees

  14. RSP says:
    3 years ago

    Abhi batti lagi

  15. W.M.E.C AntiNoobTrader says:
    3 years ago

    Russia exposed the western hypocrism and now everyone see their endgame, countries are moving away from being dependant on europe/usa! God bless russia for that

  16. John Dicosta says:
    3 years ago

    this is HUGE and will be a GAME CHANGER ..just like UPI payment system…way to go GOI

  17. MSD Group says:
    3 years ago

    Good there are heaps of market potential to the 40 countries that are going to be bankrupt.

  18. lakshmi neuroscience says:
    3 years ago

    Best international money is gold silver. Currencies are always prone to trust deficit and suspicion. In end currencies hyperinflate

  19. Singh RAJPUT says:
    3 years ago

    We need more such steps to reduced dollar dependency

  20. Andrey Petunin says:
    3 years ago

    Niiiiiice! Good for the whole world in future

  21. Asakura Yoh says:
    3 years ago

    Moving away from dollar is the best any country can do.

  22. Kannada Business World says:
    3 years ago

    UPI game changer for Indian payment system!!

  23. uefa3 says:
    3 years ago

    Good. Maybe Indians will leave our countries and get rich back home instead!

  24. sss says:
    3 years ago

    Great job India a real game changer – now wait for US and NATO reactions to this bombshell

  25. Talkin Sense says:
    3 years ago

    Blunder Move, why the buyers will take the risk of buying INR in order to make the payment when he has multiple options to buy from other countries. This will further deter the buyers from India and the Export Numbers which is already at the lowest will fall further. You only can dictate things when you know there are no competitors for your products.

  26. 몽상가 says:
    3 years ago

    local currency settlement framework does spreading across Asia, this is good for every Asian country economic health. hope more start to join in soon

  27. Parthiban Varun says:
    3 years ago

    good step to forward. hope rupee will go as global currency

  28. Triglav Apothecary ༀ says:
    3 years ago

    This is a game changer.

  29. Rahul Naina says:
    3 years ago

    Monopoly can not be weaponized. if it is then its end of their monopoly .

  30. Open Mind says:
    3 years ago

    If India did that a year ago ,srilanka could have saved its forex more .World need to dump dollar to save itsefl from US lunacy .India should also allow every other non sanctioned country to use this method

  31. Tanmoy Sarkar says:
    3 years ago

    Russia > China > India = De-Dollarization has started. 👍

  32. Naveen 9 says:
    3 years ago

    Excellent!👍🇮🇳🙏🏻🔱🕉

  33. Paul Hammond says:
    3 years ago

    Congratulations👏

  34. Bob LD says:
    3 years ago

    This is a monumental deal

  35. trendysubscriptionbox says:
    3 years ago

    Very useful

  36. MB says:
    3 years ago

    Ive been to India, it's the most dirt poor slum nation on earth…absolute filth…..the rupee is no challenge to the Dollar.

  37. sudheer Kumar says:
    3 years ago

    This move will change will balance inr to usd this is very great move

  38. North Atlantic terrorist organization. says:
    3 years ago

    I can’t find anything made in India, only cow poo trade with rupee. Anyway nothing huge impact for changing rupee. Because India import more than export

  39. Wisdom Tan says:
    3 years ago

    China planned 2 steps ahead of the rests . China yuan withstand the pressures . China had promoted trade settlement in Yuan to all trading partners. In weeks to come , almost 150 nations will trade in Yuan in trading with China .

  40. Michael lalanae says:
    3 years ago

    India the new china .the labor force for production and manufacturing .

  41. Ralph Picc says:
    3 years ago

    Let people buy in Rupees if they want Indian products. Let all countries do the same. And say goodbye to the dollar. 💵🔥🔥🔥🔥🔥

  42. Bijoy Laha says:
    3 years ago

    India right track world economy policy's

  43. N.khan’s says:
    3 years ago

    Copy from Russian
    Russian did this few month ago
    Learn from war good is lesson

  44. 苗人凤 says:
    3 years ago

    要卢比有什么用?? 用来买牛粪吗? 🤣

  45. Saleem Gondal says:
    3 years ago

    Yes yes it will be good for all Asian country to trade in our own Asian currncy to reduce the sickness of us dollar its bulshit its cancer

  46. محارب says:
    3 years ago

    Brave

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