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    • India should focus on internationalisation of rupee not de-dollarisation

      India should focus on internationalisation of rupee not de-dollarisation

      Sanghnomics: India is strengthening the internationalisation of the rupee, with 22 countries opening Vostro accounts to trade in Indian currency. The RBI suggests promoting trade invoicing in INR to reduce the current account deficit and foreign exchange reserves

    • What is Dynamic Reference Rate? India and Russia’s strategy to streamline trade, bypass US sanctions

      What is Dynamic Reference Rate? India and Russia’s strategy to streamline trade, bypass US sanctions

      This new system could be modelled after the existing framework between India and the UAE, where transactions are settled in local currencies (INR or dirham) with central bank support.

    • By the numbers: How BRICS is charting a course beyond Western dominance

      By the numbers: How BRICS is charting a course beyond Western dominance

      The share of the bloc in world GDP has been on the rise; it accounted for more than a quarter in 2022.

    • No obvious alternative to dollar in trade and investment at this point: CEA

      No obvious alternative to dollar in trade and investment at this point: CEA

      The CEA said that the rupee trade can happen with some neighbouring countries and other trading partners, but it is only at the margins and will not transform the world of invoicing overnight.

    • An argument challenging ‘de-dollarisation camp’ that earned Roubini’s retweet

      An argument challenging ‘de-dollarisation camp’ that earned Roubini’s retweet

      A Stanford University scholar has argued that it is premature to write the obituary of the American currency as dollar’s dominance is being underestimated

    • BRICS raging against the dollar is an exercise in futility

      BRICS raging against the dollar is an exercise in futility

      The dollar is pretty much the most-utilised method of exchange across the world after each nation's own currency — sometimes even surpassing domestic currencies. Contradictions like China's likely dominance of any central bank that the BRICS could set up alongside the border tensions with India make the grand plans a non-starter

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