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Which countries can transact in rupee?

The central bank, RBI, has allowed 18 countries which include Germany, Kenya, Sri Lanka, Singapore, UK and many other countries to transact in Rupee. VOSTRO account The move became successful thanks to the VOSTRO account which will be opened in Indian banks. Benefits for India

Why is Indian rupee going global?

Indian Rupee is now going global as 18 countries have agreed to trade in Rupee. The world is trying to de-Dollarize the international market amid a global economic slowdown and India is turning this into an opportunity. Now trader will be able to import goods from other countries by paying in Rupee.

Will Indian Rupees become a global currency?

This move will also help India to achieve its goal of making the Rupee an international currency and provide a boost to the Indian economy. INR GOES GLOBAL 18 COUNTRIES AGREE TO TRADE IN INDIAN RUPEES In a significant move, eighteen countries have agreed to start trading in Indian Rupees, making it a global currency.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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