RBI, BOM Sign MoU To Promote Use Of Local Currencies For Cross-Border Transactions

RBI, BOM Sign MoU To Promote Use Of Local Currencies For Cross-Border Transactions

Daily Current Affairs   /   RBI, BOM Sign MoU To Promote Use Of Local Currencies For Cross-Border Transactions

Change Language English Hindi

Category : Business and economics Published on: March 24 2025

Share on facebook
  • The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed an MoU to promote the use of local currencies (Indian Rupee & Mauritian Rupee) in cross-border transactions.
  • This framework will facilitate bilateral trade by allowing payments in domestic currencies, enhancing trade relations, financial integration, and economic ties between India and Mauritius.
Recent Post's
  • ISRO’s PSLV-C62 mission failed after deviating from its planned trajectory due to an anomaly in the third stage, resulting in the loss of EOS-N1 and 15 co-passenger satellites.

    Read More....
  • PNGRB signed an MoU with Germany’s DVGW to promote hydrogen integration into India’s natural gas infrastructure through technical and safety cooperation.

    Read More....
  • The Military–Civil Fusion exercise ‘Sanjha Shakti’ was conducted at Khadki Military Station to enhance joint preparedness for security and emergency challenges.

    Read More....
  • GAIL partnered with PNGRB to support National PNG Drive 2.0 for expanding access to PNG, CNG, and the CGD network across India.

    Read More....
  • Indian Army Major Swathi Shantha Kumar from Bengaluru won the UN Secretary-General’s Award 2025 for promoting gender parity under UNMISS in South Sudan.

    Read More....
  • Essar Future Energy signed an MoU with the Gujarat government to invest ₹5,100 crore in a bio-fuel complex in Devbhumi Dwarka district.

    Read More....
  • Virat Kohli became the fastest cricketer to score 28,000 international runs across formats, achieving the milestone in his 624th innings.

    Read More....
  • MeitY’s Digital India BHASHINI Division will host ‘BHASHINI Samudaye’ on 13 January 2026 to strengthen India’s Language AI ecosystem.

    Read More....
  • Kotak Mahindra Bank appointed former Bajaj Finance MD Anup Kumar Saha as its whole-time director, subject to regulatory approval.

    Read More....
  • Reliance Industries announced plans to invest ₹7 lakh crore in Gujarat over the next five years, focusing on clean energy and green materials.

    Read More....