India wanted to abolish the US dollar and buy oil in rupees. No seller wanted to get involved.
A trader counts new 2,000 rupee notes at a wholesale vegetable market in Bangalore, IndiaAP Photo/Aijaz Rahi India’s efforts to achieve greater international acceptance of its currency are failing. According to the Press Trust of India, no oil transactions were conducted in rupees in the financial year 2022-2023. Countries from China to Russia and India … [Read more…]