Economics · Economy

Consider the following developments in the context of the wider cross-border use of the Indian Rupee: I. Simplifying trade invoicing and settlement arrangements in Rupees for external transactions. II. Retaining a highly restrictive capital account framework with minimal avenues for non-residents to hold Rupee assets. III. Expanding foreign participation in Rupee-denominated instruments such as Masala Bonds. Which of the statements given above can facilitate the internationalisation of the Indian Rupee?