{"id":993,"date":"2025-08-05T17:05:00","date_gmt":"2025-08-05T17:05:00","guid":{"rendered":"https:\/\/jbco.co.in\/?p=993"},"modified":"2025-08-05T17:05:00","modified_gmt":"2025-08-05T17:05:00","slug":"international-trade-settlement-in-indian-rupees-inr","status":"publish","type":"post","link":"https:\/\/jbco.co.in\/?p=993","title":{"rendered":"International Trade Settlement in Indian Rupees (INR)"},"content":{"rendered":"<table width=\"100%\" border=\"0\" align=\"center\" class=\"td\">\n<tr>\n<td>\n<p>RBI\/2025-2026\/71<br \/>    A.P. (DIR Series) Circular No.08<\/p>\n<p align=\"right\">August 05, 2025<\/p>\n<p>To<\/p>\n<p>All Category-I Authorised Dealer Banks<\/p>\n<p>Madam\/Sir<\/p>\n<p class=\"head\">International Trade Settlement in Indian Rupees (INR)<\/p>\n<p>Attention of Authorised Dealer (AD) Category &#8211; I banks is invited to Para 10 of <a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=12358&amp;Mode=0\" target=\"_blank\" class=\"links\">A.P (DIR Series) Circular No.10 dated July 11, 2022<\/a> on the captioned subject.<\/p>\n<p>2. On a review, it has been decided to allow AD banks to open Special Rupee Vostro Accounts (SRVAs) of overseas correspondent banks without referring to the Reserve Bank for approval.<\/p>\n<p>3. The above instruction is applicable with immediate effect. AD banks may bring the contents of this circular to the notice of its constituents and customers concerned.<\/p>\n<p>4. These directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions \/ approvals, if any, required under any other law.<\/p>\n<p align=\"right\">Yours faithfully,<\/p>\n<p align=\"right\">(N. Senthil Kumar)<br \/>    Chief General Manager<\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RBI\/2025-2026\/71 A.P. (DIR Series) Circular No.08 August 05, 2025 To All Category-I Authorised Dealer Banks Madam\/Sir International Trade Settlement in Indian Rupees (INR) Attention of Authorised Dealer (AD) Category &#8211; I banks is invited to Para 10 of A.P (DIR Series) Circular No.10 dated July 11, 2022 on the captioned subject. 2. On a review, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-993","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=993"}],"version-history":[{"count":1,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/993\/revisions"}],"predecessor-version":[{"id":994,"href":"https:\/\/jbco.co.in\/index.php?rest_route=\/wp\/v2\/posts\/993\/revisions\/994"}],"wp:attachment":[{"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jbco.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}