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
In today's episode for 13th July 2022, we see what the RBI approval to settle international trades in Indian Rupees actually means.
We've launched a new endeavor to give simplified health and life insurance advice via Ditto Insurance. Book a free consultation call with our advisors or just drop us a text on WhatsApp for all your insurance queries.
Check out Ditto: https://bit.ly/3ym6GjO
Insta- https://www.instagram.com/joinditto/
Twitter- https://twitter.com/joinditto