Internationalising of Rupee:Cross-Border Lending in INR: RBI Governor announced that Authorised Dealer (AD) banks are now allowed to lend in Indian Rupees to non-residents from Bhutan, Nepal, and Sri Lanka, marking a significant step in India’s ongoing efforts to expand the rupee’s use in international trade. RBI Governor announced that Authorised Dealer (AD) banks are now allowed to lend in Indian Rupees to non-residents from Bhutan, Nepal, and Sri Lanka, marking a significant step in India’s ongoing efforts to expand the rupee’s use in international trade. Transparent Reference Rates: RBI will establish reference rates for currencies of India’s major trading partners to facilitate smoother INR-based settlements. RBI will establish reference rates for currencies of India’s major trading partners to facilitate smoother INR-based settlements. These measures aim to reduce reliance on the US dollar and protect the economy from sudden currency fluctuations and exchange rate risks.India’s external sector continues to show strong fundamentals.