Mint Explainer: Why India's push for global trade payments in rupees has had limited success
The government has encouraged large oil exporters to accept the rupee to settle trades, while the RBI has allowed banks in 18 countries to open special accounts to settle transactions in rupees. But progress on turning the rupee into a hard currency has been slow so far.
United Kingdom Global Trade Research Initiative Services Tax International Monetary Fund Pradhan Mantri Jan Dhan Yojana Trade In Rupees
Source: livemint.com