India's Currency Powerplay: Ditching the Dollar and Boosting the Rupee
Ditching the US dollar: India and the UAE have agreed to settle trade in Indian Rupees, signaling India's move away from the US dollar and its aim to reduce reliance on it.
Strengthening the Rupee: Settling trade in local currencies, particularly the Rupee, is expected to boost its value and solidify India's position as a major player in international..
Challenging US dollar dominance: The shift towards local currencies for international transactions poses a threat to the dominance of the US dollar, potentially impacting its value..