Stay updated with breaking news from Upee Rouble. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Argentina has joined Brazil to be the latest south-American nation to dump the dollar and trade in the Chinese yuan. Nations across the world, including India, are indulging in de-dollarisation – a push back against the American currency’s hegemony across the world
Donald Trump, frontrunner in the race for the 2024 Republican nomination, has been outrightly critical about the state of the economy of America
Dumping the Dollar: The BRICS collective, comprising Brazil, Russia, India, China and South Africa, is working on a common currency in an attempt to ditch the US dollar and push back against America’s dominance. The move comes as Moscow and Beijing call for de-dollarisation in the face of Western sanctions
With sanctions imposed on Russia, the scope of a payment mechanism in local currencies has expanded from being a means to sustain ongoing trade to possibilities of deeper engagement, including increasing bilateral trade, , RUPEE ROUBLE, fuel imports
Reserve Bank of India (RBI) has clarified there is no platform to facilitate rupee-rouble trade and the central bank is in discussion with all the stakeholders in this regard.