India just made a bold move that could change global trade forever.
RBI now allows foreign banks to open rupee accounts in just 24 hours (earlier it took 6 weeks). This means more countries can trade directly in rupees instead of dollars.
š Already onboard: Russia, UAE, Sri Lanka, Malaysia, Singapore, Mauritius ā even Fiji & Botswana.
The impact? Dollarās share in Indiaās trade dropped from 85% ā 72%.
ā¹1.34 lakh crore (~$16B) already settled in rupees.
And if just 10% of Indiaās $800B trade shifts to INR, thatās $USDT 80B bypassing $USD1 billions saved in forex fees.
ā” From sanctions to savings, from local deals to global impact ā the rupee is rising.
š¬ Do you think the rupee can rival the dollar one day?
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[Rupee, Dollar, RBI, Trade, India, Global, Forex, Policy, Finance, BRICS, Economy, Sanctions, Growth, Currency, Future]

