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UK set to support India in rupee's internationalisation

Business Standard

|

April 10, 2025

India and the UK have agreed to explore the role of London as a global financial centre and foreign exchange hub to support internationalisation of the rupee, said a joint statement of the India-UK Economic and Financial Dialogue.

- Ruchika Chitravanshi

UK set to support India in rupee's internationalisation

The statement issued by Rachel Reeves, Chancellor of the Exchequer, UK, and Finance Minister Nirmala Sitharaman said, "Both sides note the potential for greater internationalisation of the Indian rupee and welcome India permitting the opening of rupee accounts in overseas jurisdictions."

The FM is currently in the UK for the 13th Economic and Financial Dialogue between the two countries.

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