Many countries want to start rupee trade with India in “game-changing” de-dollarisation step

On Monday, Union Commerce and Industry Minister Piyush Goyal said that many large and small economies around the world have expressed willingness to start trading in rupee terms with India, which could be a “game-changing” development for India’s trade. This is another important step taken towards de-dollarisation and would better protect India’s economy in case of any future US-led sanctions. India’s Union Minister said some of the countries that have expressed willingness to start trading in rupees include neighbouring Bangladesh and Sri Lanka, as well as Gulf countries. “At some point, more and more developed countries and countries in the Far East will also join […] #Asia #Featured #Government
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