rupee Courtesy: Amit Bhandari
27 April 2023

Towards multi-currency trade

The dominance of the U.S. dollar in global trade and its status as a fiat currency means it is unlikely to be replaced in the near future. However, the repeated and continued use of sanctions has created the need for a multi-currency trading regime. India must now prepare alternative payment systems and promote the use of the Indian rupee in global trade.

Image processed by CodeCarvings Piczard ### FREE Community Edition ### on 2017-01-02 17:51:12Z |  | I[tHXnGXo=Nd8¤TáO Courtesy: Image Duyina
31 May 2017

No time to bask in rupee’s strength

A robust currency is welcome, but only if a country’s economic fundamentals bear it out. The numbers offer specious comfort as a strong currency makes imports more attractive. The truth is that India’s economic growth is middling and private capital formation is not visible