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Rupee to lag behind renminbi in trade transactions
July 20, 2012
The Indian rupee is anticipated to lag behind the Chinese renminbi when it comes to trade transactions given the slower pace of liberalisation of the former currency in the global trading arena.
Intra-regional trade transactions using renminbi and the Indian rupee are expected to rise. But given that the slower pace of liberalisation of the rupee, its presence in the trade finance space remains limited compared to the Chinese currency.
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