Reserve Bank of India's IDG wants to make the Indian rupee into a global currency
The IDG, headed by the Reserve Bank’s Executive Director Radha Shyam Ratho, wants invoicing and settling of international trade transactions in the Indian currency to increase its international presence and acceptance. The Reserve Bank of India’s Inter-Departmental Group (IDG) has drawn up measures to make the Indian rupee a global currency.
At present, the rupee is not an
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