shutterstock_1042231621 Courtesy: Shutterstock
1 August 2019

A case for the petrorupee

India can catalyse trading in oil on its domestic exchanges, and thereby adjust global oil prices so they reflect the changing patterns of global trade. In the process, this can help Indian companies and government reduce the risks arising from high energy prices. And in the long run, it can give India a more central position in the global financial system