
The RBI is trying to take the Rupee international
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In to day's episode, we see what the r b i approval to settle international trades and indian drapes actually means. Russia first invaded ukraine in f 20 22. Western countries imposed a barrage of economic sanctions on the country. This meant russia couldn't engage with countries the way they used to. To keep the ship afloat, russia started selling oil at a deep discount. They also found new trading partners, india, for instance. But since the us. Had locked out russia from accessing its dollar deposits,. We consummated the transactions using rupees and roubles. And this was a pretty big deal. The programme only works if russia has
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