Reserve Bank of India wants Indian rupee to be a global currency
At present, the rupee is not an international currency because it is not fully convertible on capital accounts, and unrestricted
NRIs in Gulf urged to open rupee accounts
For many decades, India’s trade with Bhutan and Nepal has been in Indian rupees. Recently, Sri Lanka included the Indian
India and Malaysia move to settle trade in INR
The Indian Ministry of External Affairs (MEA) issued a statement, which is a step further to the RBI’s decision in
Gulf NRIs drive sale of Indian property
Premium residences by renowned developers with good construction records, ready to move in or nearing delivery are the most sought
RBI could replenish forex reserves with help from NRIs
“The central bank should intervene to ensure that a falling currency does not eclipse India’s fundamentals.” — Abheek Barua, HDFC
Indian expats in GCC have been investing in property as Rupee nears 80/$
“If you study rupee over the long term, you will find that after every depreciation rupee consolidates for a long