The Government and Reserve Bank of India are in talks with South Asian countries for cross-border trade in rupee. The key aim is to learn from each other on common goals and challenges. Intra-regional trade in the South Asian region can provide growth and employment. Covid, inflation, financial market tightening, and the Russia-Ukraine war have affected South Asian economies. The RBI Governor outlined six policy priorities before the South Asian region to deal with the challenges. Growth and investment will suffer if inflation continues at high levels. Prioritising price stability may be the optimum choice for the South Asian region .
