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INTERNATIONALISATION OF THE INDIAN RUPEE
India, UAE step up efforts to expand rupee-dirham tradeOver 15% of India-UAE trade has been invoiced in local currencies since the rupee-dirham mechanism launched nearly three years ago. Both na...
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 ...
Rupee being increasingly used for imports and exports: RBI reportThe Indian Rupee's use in trade invoicing is growing. Data shows a significant rise in Rupee-based imports and exports. This trend offers p...
RBI wants rupee internationalisation to support developed economy goalIndia's currency, the Rupee, is beginning its global journey. Exporters are now invoicing in Rupees, a trend expected to grow significantly...
RBI unveils new measures for internationalisation of Indian RupeeThe Reserve Bank of India announced new steps to boost the Indian Rupee's global use. Banks will now lend Rupees to non-residents in Bhutan...
Reserve Bank of India rolls out steps to boost Rupee power overseasRBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee internationalisation. These accounts...
Digitalisation will help rupee become global: RBI reportThe Reserve Bank of India (RBI) highlighted in its annual report on Currency and Finance that digitalisation will accelerate the internatio...
RBI to boost rupee's internationalisation, liberalise norms for non-residentsThe Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-res...
RBI to allow opening of rupee account outside IndiaThe Reserve Bank of India (RBI) has allowed the opening of rupee accounts outside India as part of its strategic action plan to internation...
RBI preps India's top banks to face a 'de-dollarised' worldBanks were advised by senior RBI officials during an interaction in Kochi on Saturday to prepare themselves for the changes that would be n...
Time ripe to explore steps to internationalise rupee: RBI Executive Director Radha Shyam RathoReserve Bank of India Executive Director Radha Shyam Ratho has commented that internationalisation of rupee is the natural step forward. "A...
RBI working group proposes steps to broaden rupee's global reachThe increasing use of the Indian rupee in invoicing and settlement of international trade, as well as in capital account transactions, will...
Why is internationalisation of rupee not gaining currency? Lessons from the India-Russia oil trade dealThe rupee-rouble settlement mechanism drawn up after the invasion of Ukraine shows the barriers in India’s plan to make the INR a globally ...
Need better rupee volatility management to deal with risks of internationalisation: RBI Deputy GovernorDelivering the keynote address at the 17th FEDAI conference at Cairo on Sunday, Rao said as the economy grows and becomes more developed, t...
India has to take risks for rupee internationalisation if it has to progress to be an economic superpower, says RBI Deputy Governor T Rabi SankarReserve Bank of India Deputy Governor T Rabi Sankar said internationalisation of the rupee reduces dependence on foreign currency and that ...
RBI should internationalise Indian Rupee, says SBI"The Russia-Ukraine war and the disruptions to payments caused by it, is a good opportunity to insist on export settlement in rupee, beginn...
Government taking steps to promote rupee globallyThe government said it is taking steps to promote the rupee in global markets and increase its competitiveness vis-a-vis other currencies.
Indian, IFC officials welcome rupee denominated bondMayaram said through this he expects that investors who have not yet come into India, to enter the Indian bond market.
Booster shot: IFC launches $1billion offshore rupee bondIndia accounted for $4.5 bn of IFC's committed investment portfolio as of June 30, 2013--more than any other country.
- RBI study makes case for rupee as alternative global currency
A study by India's central bank, the RBI, has mooted the idea of floating the rupee as a global currency, but asked the government to caref...