We are not saying that dollar prominence should come down, but rupee prominence should go up. We are aiming for rupee acceptance, rupee related and currency paired rupee market should develop liquidity and depth. It will not happen in days, months or years, it might take decades but we have to plan for that, stated Dr Deepak Kumar, Executive Director, Reserve Bank of India (RBI) at the open house discussion on International Trade Settlement in Indian Rupees (INR) - A Way Forwar...
The Value of Cross Border Transactions are 150 Trillion in 2022, out of which 80% are in Dollars: Dr Deepak Kumar, Executive Director, Reserve Bank Of India