Internationalization of Indian Rupee A Step towards Enhancing India’s Global Stature - By Deepika Singla

Internationalization of the Indian Rupee refers to the increasing use of the local currency in cross-border transactions. It involves promoting the Rupee for import and export trade and numerous other current account and capital account transactions. In the present times, internationalization of the Rupee is essential due to growing confidence in the Indian economy internationally. With the Rupee becoming more significant internationally, the bargaining power of Indian businesses will improve. This will add weight to the Indian economy and enhance India’s global stature and respect.

The 17th Foreign Exchange Dealers Association of India (FEDAI) conference was held at Cairo, Egypt from ....

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