Brief by Shorts91 Newsdesk / 06:29am on 02 Oct 2025,Thursday India Global
The Reserve Bank of India (RBI) has unveiled initiatives to enhance the global usage of the Indian Rupee (INR). Authorized Dealer (AD) banks can now extend INR-denominated loans to non-residents in Bhutan, Nepal, and Sri Lanka for trade-related transactions, boosting regional trade settlements. The RBI will also establish transparent reference rates for currencies like the Indonesian rupiah and UAE dirham to enable predictable pricing and promote INR usage internationally. Additionally, Special Rupee Vostro Account (SRVA) balances can now be invested in corporate bonds and commercial papers, increasing liquidity and global appeal of INR assets. (PC: Reuters)
