ilmscore | India makes first-ever rupee payment for purchase of crude oil from UAE | CA Rachana Ranade

India makes first-ever rupee payment for purchase of crude oil from UAE | CA Rachana Ranade

Published: 2023-12-26
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
Increased trade settlement in Indian Rupees will weaken the global reliance on the US Dollar.
"if we start settling trade in Indian rupees then the connection with US dollar obviously starts getting weaker and weaker"
International Trade Settlement
Pending
The need for countries to hold US Dollars in their foreign exchange reserves will decrease as trade is settled in other currencies.
"no need or I can say low need to maintain US dollar in the Forex reserves"
Forex Reserves
Pending
India's international trade will increasingly be settled in Indian Rupees, elevating the currency's global standing.
"this will take India to a different League where different countries will prefer settling the trades in INR"
Indian Rupee (INR) Internationalization
Pending