The Indian Rupee will increasingly be adopted for settling international transactions in the near future, contingent on continued sound economic policies and gradual easing of capital account restrictions.
"Our house is in order inflation is coming down fiscal deficit is very much under control current account deficit is easily financeable so uh economic growth is in the right direction per capita income is going in the right direction if you're able to let us say export more and if you're able to grow confidence and slowly and steadily start reducing the restrictions on Capital account right going ahead then that day is not far when Indian rupe will be used more and more for let us say settling International transactions and so on"
