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RBI To Further Internationalise Rupee, Improve Role Of GIFT City: Annual Report

It plans to do this through settlement of bilateral trade in local currency.

Pragatti Oberoi

500-rupee banknotes (Source: NDTV Profit)

The Reserve Bank of India is ramping up efforts to boost the internationalisation of the Indian rupee and liberalise regulations for non-residents.

Also Read: RBI Annual Report: Central Bank's Balance Sheet Expands 11% In FY24

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Pragatti Oberoi
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