New Delhi, June 17 -- Industry body ASSOCHAM has submitted a detailed representation to the Government of India and the Reserve Bank of India (RBI) with recommendations aimed at strengthening the Indian Rupee and positioning it as a preferred currency for international trade settlements.
ASSOCHAM has highlighted two key measures to accelerate the internationalisation of the Indian currency, transforming GIFT City into a global financial hub and completing the operational framework for Rupee-based international trade settlement.
The industry body has recommended the creation of a dedicated policy and regulatory framework to attract global family offices to establish investment, treasury, and wealth management operations at GIFT City. Accor...