𝐈𝐧𝐝𝐢𝐚𝐧 𝐑𝐮𝐩𝐞𝐞 𝐢𝐬 𝐧𝐨𝐰 𝐆𝐥𝐨𝐛𝐚𝐥! 𝐍𝐞𝐩𝐚𝐥, 𝐒𝐫𝐢 𝐋𝐚𝐧𝐤𝐚, 𝐁𝐡𝐮𝐭𝐚𝐧 𝐭𝐨 𝐭𝐫𝐚𝐝𝐞 𝐚𝐧𝐝 𝐛𝐨𝐫𝐫𝐨𝐰 𝐢𝐧 𝐈𝐍𝐑

𝐖𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐒𝐭𝐞𝐩𝐬?

Authorised Dealer (AD) banks can now lend in INR to non-residents from Bhutan, Nepal, Sri Lanka.

Transparent reference rates will be established by RBI for key foreign currencies to facilitate smooth transactions

Special Rupee Vostro Account (SRVA): The balances in this account have been widened so as the investors can invest in corporate bonds and commercial papers

This move will facilitate cross border transactions, reduce the dependency on dollar, and will make INR a competitive currency in the Asian Region