Extending export credit in rupees can boost its acceptability, experts say
However, the rupee can only truly internationalize when it becomes freely convertible into capital, they say.
Rupee | Reserve Bank of India | Export
Abhijit Lele |
Last Updated Jul 13, 2022 9:56 PM IST
While the Reserve Bank of India has reached an agreement to settle trade transactions in rupees to manage the pressure on the currency, the extension of rupee-denominated export credit lines could boost its acceptability in the international market at long term, experts said.
TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH.
Key stories on business-standard.com are only available to premium subscribers.
Already a premium subscriber? LOGIN NOW
SUBSCRIBE TO PERSPECTIVES
What do you get on Business Standard Premium?
First published: Wednesday, July 13, 2022. 9:56 PM IST