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RUPEE INTERNATIONALISATION
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 ready to do 'whatever is required' to curb rupee volatility: Sanjay MalhotraThe Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be und...
- 'Next 25 years will be about intelligent scale' in financial markets: SBI ChairmanThe next 25 years in finance will prioritize intelligent scale, not just size. Artificial intelligence will be key for risk management and ...
- RBI's Utkarsh 2.0 places focus on better serviceRBI's new plan places emphasis on improving customer service and financial inclusion, alongside efforts to strengthen market infrastructure...
- RBI monetary policy: Currency forward curbs temporary, says Sanjay Malhotra"These measures are not in any sense signalling any structural change. We stand committed to the development, broadening and deepening of t...
- Rupee’s global role key to reducing India’s external risks: T Rabi SankarIndia's Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in...
- 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...
- 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...
- Budget 2024: Govt reiterates rupee internationalisation commitment but not so easy, say bankersIndia's Finance Minister, Nirmala Sitharaman, has emphasized the government's intention to promote the rupee as an international currency. ...
- 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...
- 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...
- 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...
- Countries interested in rupee settlement mechanism: RBI deputy governor"Increased use of rupee in cross-border transactions requires a unified global market in rupee both in interest rates and currencies. Such ...
- 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's rupee trade settlement a step towards internationalisation of rupee: ExpertsSpeaking at an event organised by IMC Chamber of Commerce and Industry, RBI's former Executive Director G Padmanabhan said, 'for internatio...
- RBI's rupee trade settlement a step towards internationalisation of rupee: ExpertsEarlier this month, RBI had asked banks to put in place additional arrangements for invoicing, payment, and settlement of exports/ imports ...
- RBI study makes case for rupee as alternative global currencyA 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...
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