MUMBAI: RBI is stepping up efforts to promote internationalisation of the Indian rupee by amending foreign trade rules to allow exporters more time to realise export proceeds when transactions are invoiced and settled in rupees, signalling a clear policy preference for Indian rupee-denominated trade.Under the revised 2026 regulations, exporters invoicing in foreign currency will continue to have up to 15 months to realise export proceeds, but those billing and settling transactions in Indian rupees will be allowed a realisation period of 18 months. The differentiated timeline is aimed at enabling Indian exporters to offer more flexible credit terms to overseas buyers if they agree to transact in rupees, thereby encouraging wider global use of the currency. TNN
