Modi govt’s push to take Indian rupee global gets off to a slow start
Friday, 7 July 2023 India’s attempt to boost the role of the rupee in cross-border payments has not been successful, say insiders. While the Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since 2019, and has encouraged big oil exporters such as the UAE and Saudi Arabia to South Asian nations to accept the Indian currency for trade settlements, total local currency trade volumes have remained negligible at around INR10bn ($120m).
Amid the political stalemate over the issue of Manipur, the grand opposition alliance, INDIA, an acronym for’ Indian National Developmental Inclusive Alliance’, is all set to move a no-confidence..
India Launches Rocket , to Land on Moon’s South Pole.
The Indian Space Research Organization (ISRO) launched the Chandrayaan-3 lander into
Earth's orbit on July 14, NBC News reports.
Next month,..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 7 July 2023
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