London has overtaken the country’s financial capital Mumbai to become the top centre for trading the rupee. That’s adding to a sense of urgency among local authorities to deepen the onshore market. Average daily volumes for rupee in the UK soared to $46.8 billion in April, a more than five-fold jump from $8.8 billion in 2016, according to BIS latest survey.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/30tWVLN
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