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Rupee Internationalisation: RBI’s Measures for Bhutan, Nepal, and Sri Lanka

1. The Retail Inflation in India September 2025.

  • Retail inflation: 1.54% (lowest since 8 years; decreased to 2.07% in August 2025)
  • Rural inflation: 1.07% | Urban inflation: 2.04%
  • Food inflation: -2.28 (fourth month of deflation in a row)
  • Inflation in rural food: -2.17% urban inflation: -2.47%
  • Rationale: positive base effect, decreased prices of vegetables, fruits, pulses, cereals, edible oils.
  • Ministry note: Well-developed supply chains, better crop yields, and controlled distribution relieved the strains on prices.

2. RBI permits the lending of the rupee to Bhutan, Nepal and Sri Lanka.

  • Purpose: To promote regional trade, ease cross-border payments as well as internationalisation of the rupee.
  • Applicability: India and foreign branch Indian banks may loan rupee-denominated funds to the residents and banks of Bhutan, Nepal and Sri Lanka.
  • Regulatory framework:  Amendments to FEMA ( Borrowing and Lending Regulations, 2018 )
  • Additional measure: Unutilised FCY accounts in IFSCs - Extend period of repatriation of the accounts to 3 months instead of 1 month.

Impact:

  • Assists the exporters and the financial integration of the regions.
  • Sponsors the countries such as Sri Lanka with shortages of FX.
  • Promotes the utilization of rupee in South Asia.

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