Internationalisation of rupee: Why and what are the benefits?

GS Paper 3 Syllabus: Economy   Source: IE  Context: According to the RBI, with India remaining one of the fastest-growing countries and showing remarkable resilience in the face of major headwinds, the rupee has the potential to become an internationalised currency.   What does internationalisation of the rupee mean? Internationalisation is a process that involves …

[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 16 March 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …