RBI strategy targets global rupee use
Central bank aims for wider use of Indian payment technology and spread of national currency
The Reserve Bank of India is pushing for greater global use of the rupee and Indian payment systems, as part of a new strategic plan published on December 30.
The plan includes two separate strategies to promote rupee internationalisation, through a review of foreign exchange regulations and by promoting the rupee’s use through the Asian Clearing Union. In parallel, the RBI said it would strengthen domestic payment systems, step up its global work in payments forums, and look to spread its
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