Mumbai, Sept. 19 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the Clearing Corporation of India Ltd (CCIL) should prepare for the next phase of financial market development by facilitating currency trading beyond the dollar-rupee pair, as part of the broader goal of internationalising the Indian rupee.

"As the market evolves, CCIL must keep abreast with its offerings and products for example, given the broader objective of internationalization of INR, CCIL could explore the possibility of putting in place necessary infrastructure to facilitate trading and settlement services for currency pairs beyond the USD-INR," Malhotra said at CCIL's 25th anniversary celebrations.

The Governor said CCIL must keep pace with ...