RBI’s small steps like last week’s to internationalise the Rupee are ok, but don’t think of full convertibility now, the columnist says. Here’s why
All countries envy the dollar’s pre-eminence in finance and trade. The vast majority of trade and investment deals are denominated in greenbacks even when the US is not a party to the deal. Meanwhile, RSS has long wanted the rupee become a reserve currency like the dollar, euro, pound sterling and renminbi (RMB). The public likes the idea too.
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This article was originally published by The Times of India on Ape 6, 2025
