RBI carves path for rupee’s use in cross-border trades

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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.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uQroCB6

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