Internationalization of the Rupee: Rupee, a Global Currency? | Open Dialogue | Episode 14 - Pt. 1

Decoding Reserve Currency: A deep dive into the Internationalisation of Rupee! Tune in to the latest episode of the Open Dialogue podcast. The episode takes you through what Internationalisation of Rupee means, how it helps Importers & Exporters, and its broad implications on our daily lives. This podcast further explores the dominance of US Dollars in the Global Currency Market and why the Rupee should be currency of choice. Our speakers will be seen discussing the advantages of moving from foreign currency to national currency, why should an Investor trade in Rupee and why invoicing in your own currency is the best to do. We also discuss the mindset shift of Indians in acquiring financial assets, what is SWIFT, how it works and the impending effect on the Russia-Ukraine War. Subscribe & join us in navigating Indian Rupee in the Global Currency Market. Chapters: 0:00 - Introduction 01:28 - Dominance of US Dollars 04:58 - Can Rupee be a Global Currency? 08:28 - Advantages of Domestic Currency 10:44 - Why RBI wants to Internationalise Rupee? 15:15 - Behaviour Change in buying Financial Assets 18:35 - SWIFT 22:45 - How SWIFT works? 25:33 - How International Payment System Works? Speakers: Sameer Shetty - President & Head - Digital Banking & Transformation, Axis Bank Neeraj Gambhir - Group Executive, Treasury Markets & Wholesale Banking Products, Axis Bank Open Dialogue: The aim of Open Dialogue by Axis Bank is to bring to the fore nuanced and insightful discussions on macroeconomics and market-oriented subjects. For more informative videos and discussion on important topics related to Banking, finance & economics: LinkedIn -   / axis-bank   Instagram -   / axis_bank   Facebook -   / axisbank   Twitter - https://x.com/AxisBank Copyright: ©Axis Bank Limited [2024]. All rights reserved. This video and all other videos in this channel are protected by copyright law and may not be used or reproduced without the express written permission of the copyright owner. STATUTORY DISCLAIMER: By accessing this video podcast “Podcast”, I acknowledge that Axis Bank Limited and its subsidiaries ("AXIS BANK") makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, AXIS BANK does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. Moreover, AXIS BANK makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. AXIS BANK EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST INFORMATION PRESENTED IN THIS PODCAST