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.
This article was originally published by The Times of India on Ape 6, 2025
