Countries interested in rupee settlement mechanism: RBI deputy governor

October 21, 2022

“Increased use of rupee in cross-border transactions requires a unified global market in rupee both in interest rates and currencies. Such unification would not only improve depth and liquidity of our markets, but they would also facilitate uniform pricing across borders,” he said Thursday at the annual day event of the Foreign Exchange Dealers Association of India (FEDAI) in Mumbai.

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