RBI allows payment for International trade in Rupee... SHTF For The Dollar!

2 years ago
98

Reserve Bank of India has just walked away from the US Dollar saying that the RBI sets up system to settle trade in rupees. Have you seen it on study iq? indian rupee for international trade is a big deal! rupees in international market demand will explode.
Indian Central Bank RBI has introduced a rupee settlement system for international trade yesterday. The system could help India promote its export and facilitate trade with countries under sanction now under the new mechanism exporters and importers can use

#RBI #InternationalTrade #Rupee

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https://www.polymerupdate.com/blog/plastic-news/2022-07-12-India-allows-cross-border-trade-settlement-in-rupee-to-reduce-the-demand-for-the-US-dollars-and-promote-the-domestic-currency.aspx?id=1177504&year=2022

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