India Convinces 22 Countries to Trade in Rupee, Ditch US Dollar
BRICS members India, China, and Russia, are convincing other developing countries to trade in their respective native currencies and not...
archiveIndia
India Rupee’s Drop Versus the Dollar Exaggerates Its Global Role
A year ago, there was palpable excitement in New Delhi around buying Russian crude. The Reserve Bank of India allowed...
Internationalize the rupee while a BRICS currency loses traction
Earlier this month the Reserve Bank of India (RBI) released a report on the rupee’s internationalization. If our currency is...
India, UAE sign pact to trade in local currencies amid PM Modi’s visit
With Prime Minister Narendra Modi visiting Abu Dhabi, India and the United Arab Emirates (UAE) on Saturday inked agreements to...
Indian Rupee becomes standout choice for investors with Asia focus
Indian assets are currently presenting a more promising outlook compared to their Indonesian counterparts, as the battle for supremacy between...
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In August 2023, South Africa will host the leaders of Brazil, Russia, India, China and South Africa – a group of nations known by the acronym BRICS. Among the items on the agenda is the creation of a new joint BRICS currency. As a scholar who has studied the BRICS countries for over a decade, I can certainly see why talk of a BRICS currency is, well, gaining currency....
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the...
The Short Life of India’s 2,000-Rupee Note – The Diplomat
On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination...
Russia Says There’s a Problem With Billions of Rupees It Has in India
Russia has accumulated billions of rupees that are sitting in Indian banks. But Moscow acknowledged that it's a problem and...
Russia and India reportedly halt talks over using rupees for trade, with Moscow preferring to be paid in Chinese yuan
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.Dhiraj Singh/BloombergRussia and India have suspended negotiations over using rupees...
