https://www.taxtmi.com/article/detailed?id=13516 Internationalizing the Rupee requires coordinated measures: pursue bilateral trade settlements in Rupees, develop Rupee payment and settlement systems, promote Rupee-denominated bonds, encourage foreign holdings of Rupees in reserves, and strengthen macroeconomic stability and convertibility. Addressing exchange-rate volatility, limited capital-account convertibility, market liquidity, and geopolitical resistance is essential. Technological tools such as a Digital Rupee and blockchain-based payment rails can facilitate cross-border use. The article advocates incremental, conditional steps rather than immediate full liberalization to expand the Rupee's international role while managing associated risks. en-us Tue, 11 Feb 2025 13:06:13 +0530 Tue, 11 Feb 2025 13:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13516 Internationalizing the Rupee requires coordinated measures: pursue bilateral trade settlements in Rupees, develop Rupee payment and settlement systems, promote Rupee-denominated bonds, encourage foreign holdings of Rupees in reserves, and strengthen macroeconomic stability and convertibility. Addressing exchange-rate volatility, limited capital-account convertibility, market liquidity, and geopolitical resistance is essential. Technological tools such as a Digital Rupee and blockchain-based payment rails can facilitate cross-border use. The article advocates incremental, conditional steps rather than immediate full liberalization to expand the Rupee's international role while managing associated risks. Articles FEMA - Foreign Exchange Management Tue, 11 Feb 2025 13:06:13 +0530 https://www.taxtmi.com/article/detailed?id=13516