RBI carves path for rupee’s use in cross-border trades – The Times of India
MUMBAI: RBI has announced measures to promote internationalisation of the rupee, aiming to expand its use in trade, financing, and investment while reducing dependence on the dollar. The move comes even as the US is pressurising emerging markets from moving against the dollar.Financial Benchmarks India (FBIL) will publish reference rates for select currencies of India’s…