2026-04-23 12:15:52 pm | Source: ANI
`RBI committed to internationalisation of rupee`, says RBI Dy Governor
On RBI's relaxed restrictions on NDF contracts, Deputy Governor at the Reserve Bank of India, T. Rabi Sankar says, "The commitment that we have to having one single global market for the dollar rupee stands. The commitment that we have to the internationalisation of the rupee stands. They're there for the long term. All that was done was to deal with a temporary event that created a large amount of volatility in the market...Our idea is that any user anywhere in the world who has an exposure to risk to the rupee should be able to access any product that is available. So that remains, it was a temporary measure..."
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