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Indian rupee to be the major reserve currency that will be traded internationally

Posted on 14 July 2014

A secret internal assessment by Britain’s ministry of defence (MoD) has pegged the Indian rupee to be the major reserve currency that will be traded internationally in the next two decades.
The assessment available with TOI says that by 2040, the Rupee will challenge China’s Renminbi as the strongest global currency. At present however, given the strength of the Chinese economy in the near term, the Renminbi (RMB) will be the most traded global currency, rivalled only by the US dollar out to 2030………………………………………..Full Article: Source


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