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India pins hopes on bilateral local currency trade to internationalise rupee

India has been looking to encourage the use of the Rupee to settle international trade transactions. However, progress has been slow, with the government and the Reserve Bank of India treading carefully to ensure there aren t any unintended consequences ....

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De-Dollarisation Trend: Why It Matters And What Investors Should Know?

De-dollarisation basically means reducing the dependence on the US dollar as a medium of exchange or reserve currency. ....

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De-dollarization: US currency fast losing dominance as global reserve currency as rupee, yuan rise

Dollar saw 8% decline in 2022 in one year, equivalent to 10 times the average annual pace of erosion in the USD’s market share in the prior years ....

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De-dollarisation: Bangladesh becomes 19th country to trade with India in rupees

A delegation of India s central bank - Reserve Bank of India (RBI) - and SBI visited Bangladesh s capital Dhaka in April to discuss and finalise settling trade in INR and taka ....

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Several countries willing to settle trade in Indian Rupee as it cuts transaction cost: Piyush Goyal

Till now, 18 countries have opened Special Vostro Rupee Accounts (SVRAs) to settle trade in INR ....

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