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'Room for India's DPI to diversify digital trade'
Business Standard|July 30, 2024
Digitisation presents an opportunity to hasten internationalisation of the rupee and can make it a currency of choice for cross-border payments, the Reserve Bank of India's (RBI's) currency and finance report for 2023-24 has said.
- MANOJIT SAHA

The report, titled "India's Digital Revolution", said there is an enormous potential to leverage the country's Digital Public Infrastructure (DPI) in an open economy setting. It can help expand and diversify digital merchandise and services trade, promote costeffective remittances, and increase foreign direct investment (FDI) into digital sectors.

"Internationalisation of the rupee is benefitting from the comprehensive and integrated approach and would impart vibrancy to India's external sector," it said.

This story is from the July 30, 2024 edition of Business Standard.

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'Room for India's DPI to diversify digital trade'
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This story is from the July 30, 2024 edition of Business Standard.

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