September 16, 2024 4:03 PM

India’s economic stride strengthening rupee’s internationalisation in new global landscape

As the global economic landscape undergoes significant transformations, India's rupee is steadily gaining international prominence. This shift comes amid growing efforts to reduce the dominance of the US dollar in global finance, particularly among BRICS nations. The rise of the rupee on the international stage is evident in recent developments. Commerce Secretary Sunil Barthwal revealed on Wednesday that rupee-rouble trade has seen a substantial increase, with 53 accounts now open for such tra...