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...
22 Apr, 2026, 06.15 PM IST
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...
10 Apr, 2026, 01.38 PM IST
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...
20 Oct, 2025, 07.59 PM IST
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...
01 Oct, 2025, 11.49 AM IST
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...
20 Apr, 2024, 12.59 PM IST
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...
07 Jul, 2023, 10.47 AM IST
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...
29 Apr, 2023, 09.53 AM IST
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...
01 Apr, 2023, 06.45 PM IST
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...
13 Jul, 2022, 10.53 AM IST
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...
25 Oct, 2020, 08.59 AM IST
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.
31 Aug, 2017, 02.34 PM IST
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...
17 May, 2017, 04.01 PM IST
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
19 May, 2015, 11.36 AM IST
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.
19 May, 2015, 08.01 AM IST
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...
11 Nov, 2013, 09.33 AM IST
- RBI looks to tweak rupee reference rate to curb speculation, volatility
Excessive activity in the offshore market on bets against the rupee has got the central bank working on ways to curb the volatility.
30 Nov, 2011, 11.10 AM IST
- India unlikely to support China's renminbi as IMF reserve currency
India will support only an easily and freely convertible currency for inclusion in IMF's special drawing rights.
29 Apr, 2011, 04.07 AM IST