DGFT Allows Wider Rupee Invoicing for Indian Exports | DGFT ने Indian Exports के लिए Rupee Invoicing का दायरा बढ़ाया
English: The Directorate General of Foreign Trade amended the Foreign Trade Policy 2023 on 20 August 2026 to make it easier for Indian exporters to invoice, denominate and settle overseas trade in Indian Rupees. The change aligns the Foreign Trade Policy with Reserve Bank of India foreign-exchange regulations and is an important step in India's broader effort to promote the international use of the rupee.
हिंदी: Directorate General of Foreign Trade यानी DGFT ने 20 August 2026 को Foreign Trade Policy 2023 में amendment करके Indian exporters के लिए overseas trade को Indian Rupees में invoice, denominate और settle करना easier बनाया। यह change Foreign Trade Policy को Reserve Bank of India के foreign-exchange regulations के साथ align करता है और rupee के international use को promote करने की India's broader strategy का important step है।
What Has Changed? | क्या बदलाव हुआ?
English: Exporters dealing with countries outside the Asian Clearing Union can now denominate their export contracts and invoices either in Indian Rupees or in any foreign currency permitted under the regulatory framework. Settlement and receipt of payments in rupees can take place through approved banking channels.
हिंदी: Asian Clearing Union के बाहर के countries के साथ trade करने वाले exporters अब export contracts और invoices को Indian Rupees या permitted foreign currency में denominate कर सकते हैं। Payments का settlement और receipt approved banking channels के through INR में किया जा सकता है।
Benefits Under Foreign Trade Policy | Foreign Trade Policy Benefits
English: A major change is that rupee-denominated export receipts will now qualify for applicable benefits under the Foreign Trade Policy. These transactions can also be counted towards fulfilment of export obligations. Earlier, uncertainty over eligibility could discourage exporters from settling transactions in rupees.
हिंदी: Major change यह है कि rupee-denominated export receipts अब Foreign Trade Policy के applicable benefits के लिए eligible होंगी। ऐसी transactions export obligations fulfil करने के लिए भी count की जा सकेंगी। Earlier eligibility को लेकर uncertainty exporters को rupee settlement अपनाने से discourage कर सकती थी।
EXIM Bank and Government Lines of Credit | EXIM Bank और Government Lines of Credit
English: Exports financed through the Export-Import Bank of India or through Government of India lines of credit can also be invoiced in Indian Rupees under the revised framework. This can be particularly useful in trade with developing economies where access to US dollars may sometimes be constrained.
हिंदी: Revised framework के तहत Export-Import Bank of India या Government of India की lines of credit से financed exports को भी Indian Rupees में invoice किया जा सकता है। यह उन developing economies के साथ trade में useful हो सकता है जहाँ US Dollars की availability limited हो सकती है।
Asian Clearing Union Rules | Asian Clearing Union Rules
English: Trade involving Asian Clearing Union members remains subject to RBI directions and ACU settlement arrangements. Testbook lists Bangladesh, Iran, Maldives, Myanmar, Pakistan and Sri Lanka among the countries covered by these provisions. Trade with Nepal and Bhutan will continue to be settled in Indian Rupees.
हिंदी: Asian Clearing Union member countries के साथ trade RBI directions और ACU settlement arrangements के अनुसार continue करेगा। Testbook Bangladesh, Iran, Maldives, Myanmar, Pakistan और Sri Lanka को इन provisions के तहत list करता है। Nepal और Bhutan के साथ trade का settlement Indian Rupees में continue रहेगा।
What is Asian Clearing Union? | Asian Clearing Union क्या है?
English: The Asian Clearing Union was established in 1974 under an initiative of UNESCAP. It provides a regional mechanism through which participating central banks settle eligible cross-border payments. The system seeks to reduce the need for repeated use of hard currencies and conserve foreign-exchange reserves. Its headquarters is in Tehran, Iran.
हिंदी: Asian Clearing Union यानी ACU की establishment 1974 में UNESCAP initiative के तहत हुई थी। यह participating central banks के बीच eligible cross-border payments settle करने का regional mechanism provide करता है। इसका objective hard currencies के repeated use को reduce करना और foreign-exchange reserves conserve करना है। इसका headquarters Tehran, Iran में है।
Internationalisation of the Rupee | Rupee का Internationalisation
English: Internationalisation of a currency means increasing its use beyond the issuing country's borders for trade invoicing, settlement, investment and reserve purposes. Greater use of the rupee in international trade could reduce dependence on intermediary currencies and potentially lower currency-conversion costs for some transactions.
हिंदी: Currency internationalisation का अर्थ उस currency का issuing country के बाहर trade invoicing, settlement, investment और reserve purposes में greater use है। International trade में rupee का greater use intermediary currencies पर dependence reduce कर सकता है और कुछ transactions में currency-conversion costs कम कर सकता है।
Foreign Trade Policy 2023 | Foreign Trade Policy 2023
English: India's Foreign Trade Policy 2023 came into effect on 1 April 2023. It replaced the earlier 2015-20 policy framework and emphasised a shift from a purely incentive-driven approach towards remission, facilitation, technology and greater integration with global trade.
हिंदी: India's Foreign Trade Policy 2023, 1 April 2023 से effective हुई। इसने earlier 2015-20 policy framework को replace किया और purely incentive-based approach से remission, facilitation, technology तथा global trade integration की direction में shift पर emphasis दिया।
About DGFT | DGFT के बारे में
English: DGFT is an attached office of the Ministry of Commerce and Industry. It is responsible for implementation and administration of India's foreign trade policy and is headquartered in New Delhi.
हिंदी: DGFT Ministry of Commerce and Industry का attached office है। यह India's foreign trade policy की implementation और administration से संबंधित major organisation है और इसका headquarters New Delhi में है।
Important Points for Exams | परीक्षा के लिए महत्वपूर्ण तथ्य
- DGFT amended FTP 2023 on 20 August 2026. | DGFT ने FTP 2023 में 20 August 2026 को amendment किया।
- Export contracts outside ACU can be denominated in INR or permitted foreign currency. | ACU के बाहर export contracts INR या permitted foreign currency में denominated हो सकते हैं।
- Rupee export receipts can qualify for FTP benefits. | Rupee export receipts FTP benefits के लिए qualify कर सकती हैं।
- Such receipts can count towards export obligations. | ऐसी receipts export obligations fulfil करने के लिए count की जा सकती हैं।
- EXIM Bank or GoI line-of-credit exports can be invoiced in INR. | EXIM Bank या GoI line-of-credit exports INR में invoice किए जा सकते हैं।
- ACU was established in 1974. | ACU की स्थापना 1974 में हुई।
- ACU headquarters is in Tehran, Iran. | ACU headquarters Tehran, Iran में है।
- FTP 2023 came into effect on 1 April 2023. | FTP 2023, 1 April 2023 से effective हुई।
- DGFT functions under the Ministry of Commerce and Industry. | DGFT Ministry of Commerce and Industry के तहत कार्य करता है।