Boost rupee's acceptance beyond India: RBI group

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​​ The group has proposed a host of measures to increase the acceptance of the rupee outside Indian borders. One of the short-term recommendations is to allow foreigners to hold rupee accounts in overseas branches. It has also recommended round-the-clock trading in the currency market and increasing the use of united payments interface (UPI) for cross-border payments.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2nP3IQM

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