Foreigners can open rupee a/c in overseas Indian banks
The Reserve Bank of India has implemented new rules to facilitate the use of the rupee in international trade and investment. These regulations allow overseas branches of authorised banks to open rupee accounts for non-residents, simplifying cross-border transactions. This initiative aims to mitigate exchange rate risks, ease foreign exchange pressure, and enhance India's current account balance.
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The Reserve Bank of India has implemented new rules to facilitate the use of the rupee in international trade and investment. These regulations allow overseas branches of authorised banks to open rupee accounts for non-residents, simplifying cross-border transactions. This initiative aims to mitigate exchange rate risks, ease foreign exchange pressure, and enhance India's current account balance. 
