Macroeconomic stabilization

TRADE IN LOCAL CURRENCIES: INDIA’S BLUEPRINT FOR RUPEE INTERNATIONALISATION

To counter oil-driven inflation and rupee depreciation amid conflict, India targets settling 80% of GCC oil trade in rupees via SRVAs. Success requires navigating U.S. tariff threats and the "Rupee Trap" by enhancing the currency's global investability and balancing geopolitics.