RBI Governor Shaktikanta Das warns of south Asian debt distress

According to central bank governor Shaktikanta Das, the Reserve Bank of India (RBI) and the Union government are in talks with some South Asian nations to facilitate cross-border trading in rupees. The governor of India’s central bank voiced concern about the rising levels of debt distress among his country’s trading partners in the area and said he was aware of potential threats a global slowdown posed to his nation’s economy.