# Why Internationalisation of the Rupee Is a Long Way Off

> An analysis by Jamal Mecklai argues that the rupee is still far from internationalisation. The rupee ranked 18th among global currencies by trading volume in 2016, at $56 billion a day, or 1.1% of global turnover. Volumes grew only 56% between 2010 and 2016, lagging the renminbi's rapid growth.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/72799-why-internationalisation-of-the-rupee-is-a-long-way-off
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

This is a structural commentary on currency market depth rather than a shift in near-term supply or demand. It has no direct effect on feed commodity prices.

## Sources

- thequint.com: https://www.thequint.com/news/business/internationalisation-of-the-rupee-is-a-long-way-off-thanks-to-rbi

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.