RBI panel recommends measures for internationalization of rupee

RBI panel recommends measures for internationalization of rupee: RBI’s working group has recommended the inclusion of the rupee in the Special Drawing Rights (SDR) basket and recalibration of the foreign portfolio investor (FPI) regime to accelerate the pace of internationalization of the rupee.

Daily Current Affairs Quiz: July 2023

The recommendations by an Inter-Departmental Group (IDG), headed by RBI Executive Director Radha Shyam Ratho.

The group was constituted by RBI Deputy Governor T Rabi Sankar to review the position of the rupee as an international currency.