Question

In 2023, banks from how many countries were permitted by the Reserve Bank of India to trade in rupees?

• A. 12
• B. 15
• C. 18
• D. 21

Hint:

When studying global finance, keep track of initiatives aimed at promoting local currencies in international trade, such as India's push to expand the use of the rupee.

Answer 1

The Correct Option is C

In 2023, the Reserve Bank of India permitted banks from 18 countries to trade in Indian rupees. This decision was part of India's efforts to internationalize the rupee and promote trade in the local currency.