
Regulatory roundup: India to make rupee more flexible for trade payments
India to make rupee more flexible for trade payments; More FTZ Updates; Malaysian regulators issue OTC trade reporting consultation paper

India to make rupee more flexible for trade payments
It appears India has conceded defeat over its strict policy of export payments and is willing to make it easier for companies to trade using the rupee. The country is geared up to lobby its major trading partners – Japan, Iraq, Venezuela, included – to accept the rupee in a bid to curb its huge volatility, according to a Reuters report. India had previously restricted the use of the rupee to reduce speculation.
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