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The Indian Rupee as International Currency

India is among the nations seeking to lessen their dependence on the US dollar in trade and cross-border transactions, launching initiatives to boost the rupee’s position as an internationally recognized reserve and payment currency. The rupee has room for more progress, but India has made great strides in raising its international status. ....

United Kingdom , Sri Lanka , South Africa , New Zealand , Cape Town , Western Cape , United Arab Emirates , Susan Strange , Stephanie Segal , Rajkumar Ranjan Singhs , Isabelle Mateosy Lago , Cathy Zhang , Ubaibirs Das , Faisal Ahmed , Pascal Farahmand , Shengzu Wang , India National Electronic Funds , Indian Institute Of Management Bangalore , International Financial Services Centre , Asian Clearing Union , Indian Council Of Social Science Research , Departmental Group , Indian Institute Of Banking , International Monetary Fund , Journal Of International Economics , Cambridge University ,

Bankers see stable interest rates reviving Asia's capital markets in second half

Asia's dealmakers are counting on a pause in rate hikes globally and an economic rebound in China to rekindle activity in the region's equity capital markets, after volumes in the first half of the year sank to their lowest in four years. First-half Asia Pacific equity capital markets volumes dropped 16% to $117.2 billion from the same period in 2022, including a 34% drop in initial public offerings (IPOs) to $34.3 billion, Refinitiv data showed. Flatlining activity has prompted some banks like Goldman Sachs to start laying off staff across nearly all major investment banking divisions. ....

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