Even if ten countries do business in indian rupee rupee will be stronger and bounce back

@xenotiic8356

2 жыл бұрын

I hope so! I know that the United States will not be the dominant power in the world for much longer, and as an American I want a fellow democracy to follow us as the top global influence rather than China. Key to that will be the strengthening of the Rupee, and getting countries to trade in it.

@s20233s

2 жыл бұрын

Which ten

@hunterbeast8169

2 жыл бұрын

@@s20233s (Bangladesh, Bhutan, Nepal, Maldives, Sri Lanka), UAE, Egypt for sure. other arab countries also definitely as we trade a lot. some countries from Southeast, east Asia expected definitely most of BRICS countries. and more hopefully

@birdsnature6421

2 жыл бұрын

we chinese are happy to trade with India using rupees instead of dollars

@satyabanerji1982

2 жыл бұрын

Russia and Persia for Oil 🛢️😜

this is HUGE and will be a GAME CHANGER ..just like UPI payment system...way to go GOI

@christianvachon2235

2 жыл бұрын

This is beyond HUGE news. I don't think people realize what this means in terms of monetary impact. Like the ruble for natgaz move by Russia, it is a monetary earthquake.

@johndicosta7993

2 жыл бұрын

@@christianvachon2235 my comment was not even from that perspective if ppl consider it big or not being a Student of economics i know how macros effect economy ir say revive it...when upi was introduced many doubted india infact many political party made fun saying that indians don't even have cell phone so how is that even fesiable..fast FORWARD to this date we all can look what a big success UPI have become in terms of transaction and how has it benifitted india...this new system was already in use with our transactions with russia as a work around seeing that it worked really wellGOI decided to extend it..i know there will be more tweaks but i am v much confident that india can make a robust DIGITAL INFRASTRUCTURE as we don't have scarcity of skilled manpower in IT.. this was not only a need of the hour but will proove a boon ...all depends on how it is executed and how many countries allow it ...more the merrier

@christianvachon2235

2 жыл бұрын

@@johndicosta7993 All great points! My point is that India just took a clear independent stand geopolitically about where it wants to go. For months, the UK, US and EU tried to court it into a clear Western-link and keep it in the dollar-system. This is a massive step away, and also the one I expected. This sets up the path to the BRICS forming a monetary system outside the Western-ruled one. Also, India is likely, like China, hoping to pay for oil and gas in rupees instead of dollars to the GCC, which could encourage the end of the petrodollar.

@johndicosta7993

2 жыл бұрын

@@christianvachon2235 true ...that was the idea for it's inception however the current high inflation in india and rupees weakness to dollar too catalized the process.. it's high time INDIA should start thinking of an alternative to SWIFT payment system which will always play in favour of USD..which i think is hegemonic...

@christianvachon2235

2 жыл бұрын

@@johndicosta7993 You are absolutely right. It would help in addressing inflation. India should indeed have an alternative to SWIFT. All countries should. If BRICS could then link national systems and bypass SWIFT, that would solve a lot of issues.

local currency settlement framework does spreading across Asia, this is good for every Asian country economic health. hope more start to join in soon

Very good decision to benefit India

Dollar loose now 😂😂😂

We need more such steps to reduced dollar dependency

Inventories in GDP. Namaste India. 2022 onwards.

Dollar ke "L" lag gaye🇮🇳🇮🇳

Bye bye dollar..lol

Its the highest time to say goodbye to dollar monopoly. Great move India 🇱🇰

Let's see if this gonna work or not. Hope this should strengthen rupee.

@Historyfolks

2 жыл бұрын

noting will strengthen India until Modi steps down

@gauravkumar_b.1067

2 жыл бұрын

India has to be agressive on rupee transaction based deals instead of dollars.

@gauravkumar_b.1067

2 жыл бұрын

@Royal Shetty just like make in India policy, transaction in rupees must be given priority, and to encourage investors and manufacturers additional benefits should be given to them.

Great Move Modi Ji .

US hedge funds will be instructed to destroy the rupee unless India institute some form of capital controls to limit their speculation. Other large developing countries should also internationalize their currencies simultaneously to nullify the effects of US illegal and long arm sanctions. But I doubt China would seriously dedollarize as they love the toilet-roll dollars too much and unwillingly to sustain short term losses for long term gains and stability.

@hanfucolorful9656

2 жыл бұрын

India， just like Europe, will never figure it out that the US took all the IT guys and CEOs to the US from India, and financially colonized India Indian Rupees drops to a 20-year low 1980: 1$ USD = 6.5 Chinese Yuan, 1$USD = 7 Indian Rupees 2022: 1$ USD = 6.5 Chinese Yuan, 1$USD = 79 Indian Rupees

@luxlux5909

2 жыл бұрын

@@hanfucolorful9656 at 1985 the average salary for my dad was around 2000 rupees a month but now it's 90,000 INR a month so if you ask me it doesn't affect people much. in contrary India is getting more business due to the lower currency value and even China purposely devalued it's currency to boost its export

@xenotiic8356

2 жыл бұрын

It's funny because the US hedge funds does that to US citizens as well ;-;

@desmond7914

2 жыл бұрын

@MSD Group - Not correct. Look at Turkey currency. They instituted capital controls too late. But Malaysia fended off Soros more than a decade ago using strict capital controls. Russia also successfully prevented the US to destroy its currency thru' strict capital controls.

@hanfucolorful9656

2 жыл бұрын

@@luxlux5909 what kind of job he is doing?

Good on them.

This is a monumental deal

Nice step

Much needed move

the main constrain in the foreign buyer have to accept and collect INR in their portfolio, the confidence need to be there with them.

Very useful

Congratulations👏

UPI game changer for Indian payment system!!

This will help Indian rupee to get more powerful. If indian rupee get expected world wide, that will help in forex exchange rates.

India right track world economy policy's

Very good

Why wasn't this done before?

@Mah-Bharatiya

2 жыл бұрын

You have wait till the right moment come so that "CORRECT" thing can be started

Wow! Great move by Putin.

@winnerswritethestory3370

2 жыл бұрын

*modi

Russia and China will surely show their gratitude - the usual way

@miaorenfeng1

2 жыл бұрын

I'm sorry, we don't charge rupees.🤣

@miaorenfeng1

2 жыл бұрын

In 2021, China's trade surplus with India was $69 billion. If converted into rupees, China will not be able to get the goods it needs.😂

developing countries like India can not afford to jeopardise their economy by following the west, the Indian govt. is doing what is best for the country, developed countries with its sections should understand this and if not, we don't give a damn either

I know why this decision has been taken.. to make INR more stronger. As inflation is rising, it is a matter of concern for RBI. The govt. does not give a shit about inflation but RBI does so RBI good luck 👍👍.

@akshit133

2 жыл бұрын

Govt dose give a shit for inflation they decreas taxes on import of oil , cut 9rs on patrol tax, stopped the export of sugar, wheat and rice so that prices in India doesn't increase,etc.

@himanshumahanta5230

2 жыл бұрын

Are you chumtia? Read some news and current affairs..you will know what gov is doing to reduce inflation

@risang8666

2 жыл бұрын

Yeah thats why govt. lowered Petroleum prices !!!

@hanfucolorful9656

2 жыл бұрын

India， just like Europe, will never figure it out that the US took all the IT guys and CEOs to the US from India, and financially colonized India Indian Rupees drops to a 20-year low 1980: 1$ USD = 6.5 Chinese Yuan, 1$USD = 7 Indian Rupees 2022: 1$ USD = 6.5 Chinese Yuan, 1$USD = 79 Indian Rupees

@satishkmys2

2 жыл бұрын

Why do you think RBI haven't taken clearance from Govt on this Important decisions

good step to forward. hope rupee will go as global currency

The great putting

trends in progress

Niiiiiice! Good for the whole world in future

This is a game changer.

Moving away from dollar is the best any country can do.

Excellent!👍🇮🇳🙏🏻🔱🕉

This move will change will balance inr to usd this is very great move

Great job India a real game changer - now wait for US and NATO reactions to this bombshell

India the new china .the labor force for production and manufacturing .

Brave

So it's true rupee rouble trade link Brics here we go🥰🥰🥰 🔥🔥🔥🔥🤣

Let people buy in Rupees if they want Indian products. Let all countries do the same. And say goodbye to the dollar. 💵🔥🔥🔥🔥🔥

@miaorenfeng1

2 жыл бұрын

In 2021, China's trade surplus with India was $69 billion. If converted into rupees, China will not be able to get the goods it needs. India does not have the capacity to provide most of the goods China needs.🤣Rupees? No, keep it for yourself!

China planned 2 steps ahead of the rests . China yuan withstand the pressures . China had promoted trade settlement in Yuan to all trading partners. In weeks to come , almost 150 nations will trade in Yuan in trading with China .

Se las ago. Un poco. No se confíen de the ckatrin. Ya ay más presicion. Astral.. sellojin.. the ckatrin.

Does it increases the value of rupee?

@thepongthonger300

2 жыл бұрын

It decreases everytime with respect to US dollar!

@devr3497

2 жыл бұрын

possible in the future

@teja8086

2 жыл бұрын

@@thepongthonger300 are you economist?

@thepongthonger300

2 жыл бұрын

@@teja8086 No brother

@inertiaoffun6559

2 жыл бұрын

The only way to increase value of rupee is to Export more..

If India did that a year ago ,srilanka could have saved its forex more .World need to dump dollar to save itsefl from US lunacy .India should also allow every other non sanctioned country to use this method

I can’t find anything made in India, only cow poo trade with rupee. Anyway nothing huge impact for changing rupee. Because India import more than export

Abhi batti lagi

But the question is Which country is accepting ruppee in trade?

@thepongthonger300

2 жыл бұрын

Russia and Sri Lanka

@Mah-Bharatiya

2 жыл бұрын

@@thepongthonger300 and almost all of middle east

@Sudhanshustrt

2 жыл бұрын

All middle east countries

@SK-uf6kg

2 жыл бұрын

Those countries who doesn't want their USD foreign reserve to be utilized for its imports as it will depreciate its domestic currency. Furthermore, countries having trade balance with India. As they can export to India & receive payment in Rupees, later they can pay in Rupees while importing from India. E.g : Sri Lanka, Russia, Iran, Nepal, Bhutan, Bangladesh, Vietnam etc. Further several countries in Indo Pacific, Africa & Latin America( where India have trade surplus) .

@maitreyajambhulkar

2 жыл бұрын

Allied of India who are dependent solely on India

Thats if other countries accept the Rupee. Good luck with that. India just lost 45 Billion dollars and expecting to lose another 256 Billion due to our currency plummeting. *UPSC GS-3 Indian Economy - India lost 45 Billion. India's Forex Reserves falls Below $600 Billion* Due to our currency's accelerated diminishing, Russia no longer see any value in our currency and forced us to use the Chinese Renminbi to purchase coal. So we are now forced to use China's currency to purchase or else we would suffer months/even years of blackouts. Our coal deposits as well as many other mineral deposits has been completely depleted by the British. We now rely heavily on imports of natural minerals to survive.

@saurabh6453

2 жыл бұрын

Expecting to lose 256 billion 😂😂😂 lol

@Batman_94

2 жыл бұрын

Bro British left almost a century ago, stop blaming them for everything

@1carusGG

2 жыл бұрын

The amount of misinformation that you carry is scary. Please don't comment if you just feel like it. Do your research first.

@daniel.92a3

2 жыл бұрын

@@Batman_94 But lndia is still affected till this day. Imagine lndians have all the natural minerals that the brits took. How they won't have to worry about securing minerals from overseas and just produce their own?

@jj-uo9ti

2 жыл бұрын

still above 600 billion dollar you are so high

Copy from Russian Russian did this few month ago Learn from war good is lesson

要卢比有什么用？？ 用来买牛粪吗？ 🤣

😂😂😂

*Holy Bible says to Humans:- Today we appear and tomorrow we disappear, our life is like shadow on Earth. Holy Bible Explicitly says to Humans:- The time is fulfilled and the kingdom of God is at hand, please repent from all your sins before Lord Jesus Christ, thou shalt be saved and thy family members from eternal Hell to eternal Heaven Amen.🙏🙏🙏 Please please please repent from all your secret sins before Lord Jesus Christ immediately without wasting your time to go to Kingdom of Heaven and live a very very Happily with God Almighty.🙏🙏🙏

Blunder Move, why the buyers will take the risk of buying INR in order to make the payment when he has multiple options to buy from other countries. This will further deter the buyers from India and the Export Numbers which is already at the lowest will fall further. You only can dictate things when you know there are no competitors for your products.

@trinitybricks9522

2 жыл бұрын

What blunder? providing an option is not a blunder, forcing people is a blunder.

Jai Hinduja. If Putin is regime changed by the Indo-Pacific Quad and NATO head honcho, all the rupee loans will not be repaid like the bankrupt Sri Lanka now.

According to Wion. Since 2001 china gained 120 Trillion in wealth and became the richest country in the world. They also reported India lost 45 Trillion (a world record loss of wealth by a country) Wion: At $514 trillion, China overtakes US in terms of amassing the biggest net worth Gravitas: How Britain Looted $45 Trillion From India

@maitreyajambhulkar

2 жыл бұрын

Bot

@netha8273

2 жыл бұрын

Bot

@avanishshetty3810

2 жыл бұрын

Bot

@satyabanerji1982

2 жыл бұрын

Power Bottom

India， just like Europe, will never figure it out that the US took all the IT guys and CEOs to the US from India, and financially colonized India Indian Rupees drops to a 20-year low 1980: 1$ USD = 6.5 Chinese Yuan, 1$USD = 7 Indian Rupees 2022: 1$ USD = 6.5 Chinese Yuan, 1$USD = 79 Indian Rupees

@pic952

2 жыл бұрын

Ok Kun fu Chinese bat bot 🤣

@SoorajSuseelan10001

2 жыл бұрын

It was because of government financial action.. not because of labour export... learn economics

No, India needs to trade using US dollars or face American wrath

@maitreyajambhulkar

2 жыл бұрын

India is not scared of USA. India is trying to become strong.

@winnerswritethestory3370

2 жыл бұрын

American wrath "U mean like the neighbour aunt that screams but no one cares" yeah sure