Day: July 20, 2022

RBI’s rupee trade settlement a step towards internationalisation of rupee: Experts

Mumbai: The recent announcement by the Reserve Bank of India (RBI) to allow cross border trade transactions in rupee is a timely move and a step towards internationalisation of the currency, according to experts. Earlier this month, RBI had asked banks to put in place additional arrangements for invoicing, payment, and settlement of exports/ imports …

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World’s electricity demand growth slowing sharply as prices soar: IEA

The world’s electricity demand growth is slowing sharply from its strong recovery the previous year as economic growth weakens and energy prices soar following Russia’s invasion of Ukraine, International Energy Agency’s (IEA) Electricity Market Report said on Wednesday. Global electricity demand is expected to grow by 2.4 per cent in 2022 …

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