CUIZ-FACT-3D533B66 hard Current Affairs ✓ Fact-Verified

What major policy shift did the Reserve Bank of India (RBI) announce regarding the Indian Rupee in July 2022?

Verified Answer
Devaluation of the Rupee

Quiz Options

Explanation & Context

The RBI permitted the international settlement of trade transactions in the Indian Rupee in July 2022, aiming to promote cross-border trade and establish the Rupee as a global currency.

Also Asked As / Semantic Queries
"Which major policy shift did the Reserve Bank of India (RBI) announce regarding the Indian Rupee in July 2022?"
Authoritative Sources & Citations
CuizIN Editorial & Fact-Checking Board ↗National Portal of India ↗

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