RBI carves path for rupee’s use in cross-border trades
RBI carves path for rupee’s use in cross-border trades
RBI is implementing measures to internationalise the rupee, aiming to reduce dollar dependence. New reference rates for major trading partner currencies will facilitate rupee-based trade, cutting transaction costs. Additionally, expanded rupee lending to regional partners and investment options for SRVA balances will bolster the rupee's global use and India's de-dollarisation efforts.
RBI is implementing measures to internationalise the rupee, aiming to reduce dollar dependence. New reference rates for major trading partner currencies will facilitate rupee-based trade, cutting transaction costs. Additionally, expanded rupee lending to regional partners and investment options for SRVA balances will bolster the rupee's global use and India's de-dollarisation efforts.
RBI is implementing measures to internationalise the rupee, aiming to reduce dollar dependence. New reference rates for major trading partner currencies will facilitate rupee-based trade, cutting transaction costs. Additionally, expanded rupee lending to regional partners and investment options for SRVA balances will bolster the rupee's global use and India's de-dollarisation efforts. 
