Promote use of Indian rupee in international market to insulate country's economy from dollar fluctuations: SJM to govt

Updated: Jun 5 2023 4:25PM

New Delhi, Jun 5 (PTI) The Swadeshi Jagran Manch has urged the government to promote the use of Indian rupee in international financial markets and encourage more countries to use it as a trade currency, asserting it will help insulate the Indian economy from fluctuations in the value of dollar and boost exports.

It also urged the government to consider developing a "robust" rupee-denominated bond market, saying it will a provide businesses with a wider range of investment options and make it easier for them to raise capital in rupees.

The recommendations were made by the national council of the SJM at its two-day meeting in Pune on June 3 and June 5, its co-convenor Ashwani Mahajan said on Monday.