02 Oct 2025 | 5 Mins Read
Govt considers measures to boost rupee globalization.
Flipitmoney
RBI announced steps to promote the internationalisation of the rupee. The central bank plans to introduce reference rates for 7-8 currencies, including the Indonesian rupiah and the UAE dirham. RBI Governor Sanjay Malhotra and deputy governor T. Rabi Sankar discussed the move, aiming to deepen the forex market, enhance the rupee's international role, and promote cross-border transactions.