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INDIA: India May Allow Foreign Investors to Raise Capital in INR - RTRS

INDIA
  • Reuters report that India may allow certain foreign investors to raise capital in rupees for investments in select countries, citing a government official, in a move aimed at boosting the international use of the nation's currency.
  • "The idea is to allow a foreign investor from a country to raise capital in India in rupees for investment in their country. We will allow this on a country-to-country basis," the source told Reuters late on Wednesday.
  • This would mark the latest in a series of attempts to increase international trade settlement in rupee and reduce reliance on the dollar.
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion

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