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Tamal Bandyopadhyay: Can Rupee Dethrone The Dollar? - Rediff.com Business

Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay. ....

United Arab Emirates , Abu Dhabi , Abuz Aby , United Kingdom , Sri Lanka , New Zealand , United States , Dominic Xavier Rediff , Abu Dhabi National Oil Company , Society For Worldwide Interbank Financial Telecommunication , International Monetary Fund , Indian Oil Corporation Ltd , Central Bank , Foreign Exchange Management , Reserve Bank , Local Currency Settlement System , Foreign Exchange Management Act , Worldwide Interbank Financial , Structured Financial Messaging , Business News , Usiness News India , Ndia Business News , Ndian Economy News , Ndian Financial News ,

Finding a quicker way around SWIFT

A new global standard for financial messaging systems that came into force this year is expected to improve efficiency and reduce payments friction in international transactions. G20 has a target of settling 80% of all international transactions within an hour by 2027. The lion s share of payment delays occur due to time zones, compliance checks, currency controls and absence of real-time processing. ....

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