• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

RBI Not Thinking Of Moving Towards De-Dollarisation: Governor Das

OMMCOM NEWS by OMMCOM NEWS
January 17, 2024
in Business

Davos: Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation of the rupee are not aimed at replacing the dollar.

“There is no such thinking to move towards de-dollarisation. The dollar will continue to be the dominant currency and whatever we are doing for internationalisation of the rupee, it is not to replace the dollar,” Das said on at the World Economic Forum (WEF) Annual Meeting 2024 in Davos late on Tuesday.

“India’s economy is expanding, with an increasing role in international trade. Gradually and steadily, India has entered new markets, countries, and products, particularly in services.

“The objective is to offer the rupee as an alternative currency for settling transactions in international trade. It is incorrect to describe the internationalisation of the rupee as an effort towards de-dollarisation.

“Dependence on one currency can be risky as the entire global trade will be subject to the volatility of that particular currency,” he added.

Das said the RBI has managed to achieve currency stability, making it ideal for overseas companies to invest in India and domestic companies to tap capital markets abroad.

Inflation in India is moderating and steadily approaching the central bank’s 4 per cent target while growth prospects remain robust, the RBI Governor noted.

Das also said that cryptocurrencies pose a huge risk, particularly for emerging market economies because it can impact your financial stability, currency stability and monetary system.

“Cryptocurrency as a product is highly speculative and my opinion and Reserve Bank’s opinion is that considering the big risk around it, I think countries like India should be very careful,” he added.

 (IANS)

Tags: Governor Shaktikanta DasReserve Bank of India
ShareTweetSendSharePinShareSend
Previous Post

CBI Raids ECR Office, Detains Senior Officer On Corruption Charges

Next Post

Telangana To Expedite Regional Ring Road Works

Related Posts

Business

9 Sectors Have Potential To Generate Up To $738 Billion Revenue In India By 2030: Report

June 30, 2025
Business

Indian Economy Remains A Key Driver Of Global Growth: RBI

June 30, 2025
GST
Business

India’s GST Collection Hits Record Rs 22.08 Lakh Crore In FY25, Rises 9.4 Pc

June 30, 2025
Business

India’s Industrial Production Registers 1.2 Per Cent Growth In May

June 30, 2025
Mumbai:People walk past the Bombay Stock Exchange (BSE) building in Mumbai, on Tuesday, Feb 1. 2022.Prime Minister Narendra Modi's government on Tuesday announced a series of investments to shore up spending in infrastructure projects in its annual budget.(Photo:IANS)
Business

Sensex, Nifty End Lower After Rising For 4 Straight Sessions

June 30, 2025
Business

FEMA Penalty: SC Rejects Lalit Modi’s Plea Demanding BCCI Indemnify Him

June 30, 2025
Next Post

Telangana To Expedite Regional Ring Road Works

Private Sector Banks Lead Losses As Sensex Plunges 1,200 Points

Two US Navy SEALs Missing In Operation Near Somalia

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.