Positive impactEconomy
Foreign trade policy changes to boost rupee internationalisation, add flexibility for exporters: CII's Sanjay Budhia
Economic Times 3 hrs ago·21 Aug 2026, 12:00 pm
The Confederation of Indian Industry (CII) has urged the government to amend the Foreign Trade Policy to support the rupee's global standing. The proposal suggests easing invoicing and payment processes in Indian currency, which would make it simpler for exporters to settle deals in rupees.
This move is significant for investors as it could reduce reliance on the US dollar and strengthen the rupee's international profile. Greater flexibility in trade settlements may also enhance the competitiveness of Indian exports in global markets.
Investors should watch for the government's formal response to these recommendations. Any concrete steps taken to implement these changes could signal a major shift in India's trade strategy and have broad implications for the broader market.
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- Category: Economy.
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