Chart 7  11  As of FY  In USD bn  2012-13  292.0  2013-14  304.2  2014-15  341.6  2015-16  360.2  2016-17  370.0  2017-18  424.5  2018-19  412.9  2019-20  477.8  2020-21  577.0  2021-22  607.3  dbie.rbi.org.in  6  With the above brief background let us now examine the prospects of internationalizing the Rupee.
But not all exchange rate movements are Type One. Some movements, let's call them Type Two, reflect the rebalancing of portfolios in financial markets, which may have nothing to do with current demand for Canadian goods and services.1 One example of a Type Two movement would be a flight to so-called "safe havens" during an international financial crisis.