Before  proceeding, it might be a good idea, however, to do a quick recap of the journey of Rupee markets thus far which will set the backdrop for our main theme of Rupee internationalisation. 3. The early stages of foreign exchange management in the country emphasized on control of foreign exchange by regulating demand due to its limited availability.
Just take the output floor, which is having a clear impact on a number of larger institutions running riskier business models. That said, the necessary adjustments are doable, and they’re warranted, too, in light of these institutions’ risk profiles.