Question
The Asian Development Bank (ADB) and Standard Chartered
Bank signed agreements to strengthen supply chain finance in India through risk-sharing arrangements covering which two currencies?Solution
ADB and Standard Chartered Bank signed agreements to strengthen supply chain finance in India through risk-sharing arrangements covering both United States Dollar (USD) and Indian Rupee (INR) transactions. The partnership includes a Risk Participation Arrangement through GIFT City for USD transactions and a Partial Guarantee Facility for onshore INR transactions.
The accounting software ‘Tally’ was developed by :
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