RBI Policy 2025: Foreign Banks Can Open INR Accounts – Impact on Global Trade
RBI Allows Overseas Banks to Open INR Accounts Introduction to the News On January 19, 2025, the Reserve Bank of India (RBI) announced a significant step toward global banking integration. The central bank has now permitted overseas banks to open accounts in Indian Rupees (INR) for their customers. This decision aims to enhance cross-border trade…