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CURRENCY INTERNATIONALIZATION
From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...- RBI efforts boost rupee usage, yet global adoption remains limitedDespite RBI's efforts to boost rupee usage in international trade, including Special Rupee Vostro Accounts, its adoption for invoicing and ...
- Yuan to top Yen in currency options trading: LCHThe yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. ...
- RBI measures on currency temporary to curb volatility, says deputy governor SankarThe Reserve Bank of India's deputy governor stated that temporary curbs on banks' currency trading will be lifted soon. These measures were...
- Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
- India pushes to expand rupee settlement with key trade partnersIndia's central bank is actively working to facilitate rupee settlements with free-trade partners, aiming to boost the local currency. This...
- India's central bank proposes to boost international usage of rupeeIndia's central bank proposed measures to boost the rupee's global use, including allowing local banks to lend in rupees to businesses in n...
- Indian rupee is now aiming to be world’s alternate reserve currencyCurrently, India is the fastest growing major developing economy in the world. Very soon it is expected to be the third largest economy. Gl...
- Modi’s push to take Indian rupee global gets off to a slow startIndia's efforts to boost the international role of the rupee through cross-border payments and encouraging its use in trade settlements hav...
- China displays urgency to internationalise YuanChina's efforts to internationalize the Yuan are facing challenges due to lack of trust and confidence in the currency. While Beijing's loa...
- New trade policy to facilitate India's transition to developed economy: FICCINew foreign trade policy reiterates the government's focus on self-reliance or Atmanirbhar Bharat and it will play a critical role in facil...
- Trade in national currencies to boost India's trade with Central Asia & extended neighbourhoodThe internationalization of the rupee could lead to multipolar financial structure originally envisaged by the BRICS. The Central Asian sta...
- China reconsiders global strategy for YuanThe yuan rallied to the strongest in more than two years earlier this week, aided by dollar weakness and China’s economic recovery from the...
- Yuan might be the new dollar; here's whyThe yuan is at its highest in more than a year, but China’s efforts to internationalize it remain in their infancy.
- China's going to have to tighten its belt if it wants OBOR to be a success. Read whyIt will be mathematically impossible for Sri Lanka and Pakistan to repay big yuan-denominated loans when they're running trade deficits wit...
- RBI seeks to globalize rupee to cut forex debt risksRBI has made a strong case for internationalization of the rupee and sought to differentiate it from capital account convertibility
- RBI seeks to globalize rupee to cut forex debt risksAccording to the central bank, countries that can borrow in their own currency are less susceptible to international crisis.
- India is a sweet spot for Deutsche Bank: Werner SteinmuellerDeutsche Bank’s head of global transaction banking says India is one of the highest revenue contributors among all the markets that the ban...
- RBI looks to tweak rupee reference rate to curb speculation, volatilityExcessive activity in the offshore market on bets against the rupee has got the central bank working on ways to curb the volatility.
- India unlikely to support China's renminbi as IMF reserve currencyIndia will support only an easily and freely convertible currency for inclusion in IMF's special drawing rights.
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