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RBI eyes more trade settlements in rupee
Mint Mumbai
|October 02, 2025
To strengthen the rupee's global footprint, the Reserve Bank of India (RBI) on Wednesday rolled out measures to facilitate trade and investment in the Indian currency.
The RBI plans to introduce reference rates for currencies of India’s biggest trading partners, allow Indian banks to lend in rupees to neighbour-ing countries, and offer foreign partners more investment options for Special Rupee Vostro Account (SRVA) balances.
The announcements came alongside the central bank’s monetary policy statement.
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