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End of Dollar Dominance? BRICS Nations Adopt Indian Rupee for Global Trade

Is this the end of Dollar dominance? BRICS nations — Brazil, Russia, India, China & South Africa — are now moving towards the Indian Rupee for global trade settlements. With over 3 billion people and a $24 trillion economy, BRICS is directly challenging the US Dollar’s supremacy.

India’s RBI circular on rupee trade has allowed banks to open Vostro accounts and settle trade directly in rupees. This bold step could weaken Dollar dominance, strengthen the Indian Rupee, and reshape the global economy.

Covered Topics:

BRICS vs US Dollar

RBI’s new circular on rupee trade

Vostro accounts explained

India’s response to US tariffs

Oil trade beyond Dollar

Future of Indian Rupee as a global currency

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