Will the rupee emerge as a global currency? | Mint Primer | Mint

Discover how India aims to increase the use of the rupee for cross-border transactions with an RBI-appointed panel's roadmap. Learn how this move can benefit India's exporters, importers, and economy by reducing transaction costs, limiting exchange rate risks, and accessing global financial markets. Explore challenges and recommendations to internationalize the rupee, potentially transforming India's position in the global financial landscape. Stay tuned for insights into the future of India's currency on the world stage.

#rupee #globalcurrency #internationaltrade #crossbordertrade #mint

Click here to download the Mint App

[sydgvkx]

SAB SE AAGEY HONGE HINDUSTANI YEH BAAT HAI SAB NE MAANI 👍

[sydgvkx]

CONGRATULATIONS 👏 AND PRAYERS 🙏 BY RAVINDER TALWAR JALANDHAR CITY PUNJAB INDIA 👍

[dennisvazquez]

CCP China has been the biggest buyer of gold in the entire world and it's not even close because they are going to make the yuan gold-backed and interchangeable (but under typically Chinese opaque and difficult standards) and force the yuan on the world as the reserve currency. Organized crime worldwide loves using the dollar for their activities and money laundering and keeping dollars in offshore tax haven banks so they have slowed China's effort on making the yuan gold-backed. The USA dollar is the most counterfeited currency/money in the world and it's not even close.

[kabilanr]

LOL😂 I burst after seeing the title. Joke of the year! With all these demonetisation and withdrawal of 2000 rs notes, no one will have trust on INR. Even our closest friend not know what to do with INR they have by selling crude oil on discounts. You have to surpass China on exports to atleast get into top5 currency but on contrast export is declining.

[Sven]

May be atleast rupee will be a asian currency 😊