TOKYO -- Japan and India will consider launching a local-currency settlement scheme that would enable direct yen-rupee transactions, bypassing the U.S. dollar, Nikkei has learned.
The initiative is expected to reduce companies' foreign-exchange and remittance costs.
TOKYO -- Japan and India will consider launching a local-currency settlement scheme that would enable direct yen-rupee transactions, bypassing the U.S. dollar, Nikkei has learned. The initiative is expected to reduce companies' foreign-exchange and remittance costs.
