Tag: US Dollar
RBI Opens Doors For Rupee In World Trade
To promote the use of the Indian Rupee (INR) in global trade and reduce dependence on the US dollar, the Reserve Bank of India (RBI) introduced major changes on August 5, 2025, to simplify how foreign banks open Special Rupee Vostro Accounts (SRVAs). These accounts… Read More
PM Modi Calls For Internationalising The Indian Rupee
Indian prime minister Narendra Modi wants to turn the Indian rupee into an acceptable currency across the world. The prime minister unveiled his vision while speaking at an event marking the foundation day of the Reserve Bank of India, which is the country's central bank.… Read More
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INDIA’S CONCERN – RUPEE TRADING IN LONDON BIGGER THAN IN MUMBAI
RBI, our Government and the financial-business community is very worried that London has overtaken Mumbai in the daily Rupee foreign exchange trading. Average daily volumes have increased 5X there in 3 years while Mumbai has grown but not so much. London is the oldest financial… Read More
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Rupee Hits Rs. 69, A New Low Against US Dollar – But No Cause For Panic…
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Indian Rupee Weakens Below 68 vs The US Dollar For No Fault Of India…
