A new report by RBI working group outlines steps for using rupees in international transactions As India’s international trade and investment flows soar, New Delhi is taking steps towards making the Indian rupee (INR) a strong international currency that could be an alternative to the US dollar. A fresh report of the working group of the Reserve Bank of India (RBI), made public on Wednesday, stated that INR had the potential to become an internationalized currency, as India is one of the fastest growing countries and “has shown remarkable resilience even in the face of major headwinds.” In the last decade, India’
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