Archive · 20 Sep 2025
RBI Urges CCIL to Expand Currency Trading
The RBI Governor wants the CCIL to allow trading of rupees against more currencies, not just the dollar.
This is part of a plan to make the rupee a global currency.
They want to open up trading platforms to more people, like businesses and foreign investors.
The goal is to make trading easier, cheaper, and better for the economy.
This also involves building a robust financial infrastructure and expanding services to the IFSC.
RBI Governor urged CCIL to enable trading of the rupee against more currencies.
This is part of a broader plan for the internationalization of the rupee.
The RBI wants to expand platforms like Forex Retail and RBI Retail Direct.
RBI highlighted India's robust financial infrastructure and transparency.
Malhotra was speaking at CCIL’s 25th anniversary in Mumbai.
- Who
- Reserve Bank of India (RBI) and Clearing Corporation of India (CCIL)
- What
- CCIL should expand currency trading and settlement infrastructure.
- When
- CCIL’s 25th anniversary
- Where
- Mumbai
- Why
- To improve market efficiency and internationalize the rupee.
Status Quo
Enhanced Platform
Currency Trading
Status Quo
Limited trading to USD-INR.
Enhanced Platform
Expand to a wider basket of currencies.
- Organization
- Clearing Corporation of India (CCIL)
- RBI Governor
- Sanjay Malhotra
- Event
- CCIL’s 25th Anniversary
- Location
- Mumbai
- Goal
- Expand Currency Trading & Settlement
Sources
CCIL can build infra to aid trading, settlement services for currency pairs beyond dollar-rupee, says RBI Guv
RBI governor nudges CCIL to put in place infra for currency trades beyond USD/INR
CCIL must embrace innovation, expand currency pairs beyond USD INR: RBI Chief