An Inter-Departmental Group of the Reserve Bank of India has said that the increasing use of Indian rupee in invoicing and settlement of international trade, as well as in capital account transactions, will give the local currency international accep
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.