The Indian rupee is not ready for the world stage

Reforms will increase use of the currency by those with limited choice

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20220809 India Rupee note.JPG

Weakness is only one aspect of the rupee's unattractiveness. © Reuters

Ritesh Kumar Singh is the founder and chief executive of Indonomics Consulting in New Delhi.

India is in the spotlight these days, both as an anchor of stability amid the currency crisis besetting its South Asian neighbors and as a key player shaping the world's reaction to Russia's attack against Ukraine.

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