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Globalisation of Indian Rupee in the New World Economic Order

Pazhanisamy R and Thomas Mathew Sri

MPRA Paper from University Library of Munich, Germany

Abstract: The global economy has witnessed significant transformations in recent decades, marked by the emergence of new economic powers and the evolution of financial systems. Within this context, the globalization of currencies has become a crucial aspect of international economic dynamics. This paper explores the globalization of the Indian Rupee within the framework of the new world economic order. It examines the factors driving the globalization of the rupee, including economic liberalization, financial market reforms, and India's growing integration into the global economy. Furthermore, the paper analyzes the implications of the Rupee's globalization for India's economy, financial markets, and monetary policy. By examining the possibilities of appreciation of Indian rupee and opportunities associated with the globalization of the Rupee, this paper aims to contribute to a better understanding of India's role in the evolving global economic landscape and its implications for domestic and international trade.

Keywords: Money demand; currency in circulation; payment systems; monetary policy Foreign Exchange; International Policy; Globalization; Indian Rupee; New World Economic Order; Internationalization; Monetary Policy; Economic Integration. (search for similar items in EconPapers)
JEL-codes: E4 E42 E47 E51 E52 F3 F31 F33 F4 G18 (search for similar items in EconPapers)
Date: 2024-04-06, Revised 2024-04-06
New Economics Papers: this item is included in nep-ifn, nep-int, nep-mon and nep-opm
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