Question
Who headed this panel of an inter-departmental group
(IDG) of the Reserve Bank of India (RBI) which has proposed steps to examine internationalizing the rupee?Solution
An inter-departmental group (IDG) of the Reserve Bank of India (RBI) headed by Radha Shyam Ratho has been established to examine the possibility of internationalizing the Indian rupee. The panel recommended measures to enable transactions in the domestic currency that are popular in other countries, aiming to reduce dependence on the US dollar.
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