Globalising rupee will help derisk trade: Shaktikanta Das

RBI Governor Shaktikanta Das has stated that India is taking steps towards internationalizing the rupee to reduce the risk of depending solely on one currency for global trade. This move aims to protect the economy from currency volatility. The governor also highlighted the central bank's success in achieving currency stability, making India an attractive destination for foreign investments and allowing domestic companies to access international capital markets. Speaking at a fireside chat during the WEF's annual summit in Davos, Switzerland, Das emphasized India's expanding economy and growing role in international trade.

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