February 3, 2026 8:42 PM
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India, Nepal in talks to enable bulk Digital Transfers of Indian Rupee between banking systems
The Nepal Rastra Bank (NRB) and the Reserve Bank of India (RBI) are engaged in high-level talks to allow the unrestricted, bulk transfer of Indian currency (INR) between the banking systems of India and Nepal. When implemented, this initiative will modernize the transfer mechanism, moving beyond...