{"id":35881,"date":"2024-03-28T11:16:27","date_gmt":"2024-03-28T11:16:27","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=35881"},"modified":"2024-03-28T11:16:28","modified_gmt":"2024-03-28T11:16:28","slug":"internationalization-of-the-rupee-upsc-economy-notes","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/","title":{"rendered":"Internationalization of the Rupee &#8211; UPSC Economy Notes"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-economy?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Blog+Economy\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17.png\" alt=\"\" class=\"wp-image-42386\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<p>The internationalization of the rupee refers to the process of making the rupee a globally accepted and traded currency. This involves using the rupee for international trade transactions, accepting payments in rupees for exports, and allowing Indian entities to repay global debt obligations in rupees. The internationalization of a currency is a significant step towards greater economic integration and participation in the global financial system.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69e1d77ad141e\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e1d77ad141e\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Key_Aspects_of_the_Internationalization_of_the_Rupee\" title=\"Key Aspects of the Internationalization of the Rupee:\">Key Aspects of the Internationalization of the Rupee:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Benefits_of_Internationalization_of_the_Rupee\" title=\"Benefits of Internationalization of the Rupee:\">Benefits of Internationalization of the Rupee:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Pre-requisites_for_an_International_Currency\" title=\"Pre-requisites for an International Currency:\">Pre-requisites for an International Currency:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Internationalization_of_Indian_Rupee\" title=\"Internationalization of Indian Rupee:\">Internationalization of Indian Rupee:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Challenges_in_Internationalization\" title=\"Challenges in Internationalization:\">Challenges in Internationalization:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Q_What_is_the_Internationalization_of_Rupee\" title=\"Q: What is the Internationalization of Rupee?\">Q: What is the Internationalization of Rupee?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Q_Why_is_Internationalization_of_the_Rupee_Important\" title=\"Q: Why is Internationalization of the Rupee Important?\">Q: Why is Internationalization of the Rupee Important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Q_What_measures_have_been_taken_to_Internationalize_the_Rupee\" title=\"Q: What measures have been taken to Internationalize the Rupee?\">Q: What measures have been taken to Internationalize the Rupee?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Q_How_does_Internationalization_of_the_Rupee_benefit_Indias_Trade_Relations\" title=\"Q: How does Internationalization of the Rupee benefit India&#8217;s Trade Relations?\">Q: How does Internationalization of the Rupee benefit India&#8217;s Trade Relations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Q_What_are_the_challenges_in_Internationalizing_the_Rupee\" title=\"Q: What are the challenges in Internationalizing the Rupee?\">Q: What are the challenges in Internationalizing the Rupee?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/internationalization-of-the-rupee-upsc-economy-notes\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Aspects_of_the_Internationalization_of_the_Rupee\"><\/span><strong>Key Aspects of the <\/strong>Internationalization of the <strong>Rupee:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Payments for Imports and Exports:<\/strong><ul><li>Indian firms should be able to pay for imports in rupees, and when exporting, they should have the option to accept payments in rupees. This simplifies foreign trade transactions and reduces dependence on foreign currencies.<\/li><\/ul><\/li><li><strong>Global Bond Issuance:<\/strong><ul><li>Indian entities issuing bonds globally should be able to repay the debt in rupees, regardless of the currency in which the debt was initially contracted. This provides flexibility in managing international debt obligations.<\/li><\/ul><\/li><li><strong>Accumulation as Reserve Currency:<\/strong><ul><li>The internationalization of the rupee envisions global acceptance and demand for the rupee as a reserve currency. This means that individuals, companies, and central banks worldwide would hold Indian rupees as part of their reserve holdings.<\/li><\/ul><\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Internationalization_of_the_Rupee\"><\/span><strong>Benefits of Internationalization of the Rupee:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Greater Economic Integration:<\/strong><ul><li>The internationalization of the rupee promotes a higher degree of integration of the Indian economy with the rest of the world in terms of foreign trade and international capital flows.<\/li><\/ul><\/li><li><strong>Cost Savings for Indian Residents:<\/strong><ul><li>Indian residents can benefit from cost savings on foreign exchange transactions by conducting external transactions in rupees without the need to route them through other foreign currencies.<\/li><\/ul><\/li><li><strong>Reduced Dependence on Foreign Exchange Reserves:<\/strong><ul><li>By promoting the use of the rupee in international transactions, there is a potential reduction in the dependence on foreign exchange reserves to maintain balance of payment stability.<\/li><\/ul><\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pre-requisites_for_an_International_Currency\"><\/span><strong>Pre-requisites for an International Currency:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For a currency to achieve international status, several pre-requisites need to be met:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Full Economic Integration:<\/strong><ul><li>The economy should be fully integrated into the global economy, participating actively in foreign trade and capital flows.<\/li><\/ul><\/li><li><strong>Strong Macroeconomic Fundamentals:<\/strong><ul><li>Macroeconomic fundamentals, including economic strength, growth rates, productivity, exports, foreign direct investment (FDI), and resilience, play a crucial role in establishing a currency as an international one.<\/li><\/ul><\/li><li><strong>Global Hard Currency Characteristics:<\/strong><ul><li>The currency should possess characteristics of a global hard currency, meaning it should be stable, liquid, and widely accepted in international markets.<\/li><\/ul><\/li><\/ol>\n\n\n\n<p>The journey toward the internationalization of the rupee involves addressing these factors strategically to enhance the global standing of the currency.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Internationalization_of_Indian_Rupee\"><\/span><strong>Internationalization of Indian Rupee:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Indian rupee has been gradually moving towards internationalization, with several initiatives aimed at increasing its acceptance and usage in global transactions. Some key developments include:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Masala Bonds (2014):<\/strong><ul><li>Masala bonds, issued in 2014, allowed Indian entities to raise funds in rupees from international investors. These bonds are denominated in Indian rupees, providing an avenue for foreign investors to participate in the Indian debt market.<\/li><\/ul><\/li><li><strong>Indo-Japanese Currency Swap (2018):<\/strong><ul><li>In 2018, India and Japan entered into a significant currency swap agreement worth US$ 75 billion. This agreement enables the Indian central bank (RBI) to access yen or dollars as a loan from the Japanese government when needed. It enhances financial stability and provides a liquidity cushion for the RBI.<\/li><\/ul><\/li><li><strong>Currency Swap with the UAE (2018):<\/strong><ul><li>Another step towards internationalization was the currency swap agreement between India and the UAE in 2018. This agreement, worth $500 million, allows both countries to settle their trade transactions in their respective national currencies, reducing dependence on third-party currencies like the US dollar.<\/li><\/ul><\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Challenges_in_Internationalization\"><\/span><strong>Challenges in Internationalization:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Global Trade Share:<\/strong><ul><li>One challenge is India&#8217;s relatively lower share in global trade. The internationalization of a currency is often linked to a country&#8217;s active participation in global trade.<\/li><\/ul><\/li><li><strong>Capital Account Convertibility:<\/strong><ul><li>Full internationalization of the Indian currency would require full capital account convertibility. While progress is being made, challenges remain in achieving complete liberalization of the capital account.<\/li><\/ul><\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_the_Internationalization_of_Rupee\"><\/span>Q: <strong>What is the Internationalization of Rupee?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Internationalization of Rupee refers to the process of increasing the use and acceptance of the Indian Rupee (INR) in international transactions and trade settlements. It involves policies and initiatives aimed at making the Rupee a more widely recognized and utilized currency beyond India&#8217;s borders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Why_is_Internationalization_of_the_Rupee_Important\"><\/span>Q: <strong>Why is Internationalization of the Rupee Important?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Internationalization of the Rupee holds several benefits for the Indian economy. It reduces reliance on foreign currencies, decreases transaction costs in international trade, enhances India&#8217;s economic sovereignty, and can potentially strengthen the Rupee&#8217;s value and stability in the global market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_measures_have_been_taken_to_Internationalize_the_Rupee\"><\/span>Q: <strong>What measures have been taken to Internationalize the Rupee?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Several measures have been undertaken to promote the Internationalization of the Rupee. These include facilitating Rupee-denominated trade agreements, promoting offshore Rupee markets, allowing Indian companies to raise funds in Rupees overseas, establishing currency swap agreements with other countries, and encouraging foreign investors to hold Rupee assets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_does_Internationalization_of_the_Rupee_benefit_Indias_Trade_Relations\"><\/span>Q: <strong>How does Internationalization of the Rupee benefit India&#8217;s Trade Relations?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Internationalization of the Rupee facilitates smoother trade transactions by reducing currency conversion costs and risks associated with currency fluctuations. It also fosters stronger trade ties with countries willing to accept the Rupee, thereby expanding India&#8217;s export markets and promoting economic growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_challenges_in_Internationalizing_the_Rupee\"><\/span>Q: <strong>What are the challenges in Internationalizing the Rupee?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Despite efforts, there are challenges to the Internationalization of the Rupee. These include the need for regulatory reforms, ensuring stability and convertibility of the Rupee, building confidence among international investors, addressing concerns related to inflation and fiscal discipline, and competition with established global currencies like the US Dollar and Euro. Overcoming these challenges requires coordinated efforts from policymakers, regulators, and market participants.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-c6ab63ae-7083-4831-b519-cb89dacafb18\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"block-52c5a91b-6ed6-46e3-b781-7cc0c63a0b76\">For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p id=\"block-d014fe86-d628-49d8-82ce-6c60dc6e7a73\">For Daily Updates and Study Material:<\/p>\n\n\n\n<p id=\"block-38177954-e668-4d8d-b250-d0fbd5a09390\">Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-49ca2fe3-109f-4a88-b72e-9df49c3d328e\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-43ccddc1-5348-445f-ab6b-7baaf29fe58d\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The internationalization of the rupee refers to the process of making the rupee a globally accepted and traded currency. This involves using the rupee for international trade transactions<\/p>\n","protected":false},"author":17,"featured_media":35882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[209],"tags":[235,2853,232,213,140],"class_list":["post-35881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-notes","tag-economy-notes","tag-internationalization-rupee","tag-upsc","tag-upsc-notes","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/35881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=35881"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/35881\/revisions"}],"predecessor-version":[{"id":35883,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/35881\/revisions\/35883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/35882"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=35881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=35881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=35881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}