Of course I have no point. But do you know the consequences of that?
Nah, we are low iq guys.
We won't know the consequence of buying Russian and Iranian oil in Rupees unless you tell us.
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Of course I have no point. But do you know the consequences of that?
Read your article clearly.Nah, we are low iq guys.
We won't know the consequence of buying Russian and Iranian oil in Rupees unless you tell us.
3 monthThe Indian rupee has depreciated for a long time. No one would like to accept it except Bhutan.
In 1994, one dollar was converted to 8.6CNY.
In 2022, 1 US dollar was converted to 6.4CNY.
In 1994, one dollar was converted to 11.2 rupees.
In 2022, one dollar was exchanged for 79.6 rupees.
Read your article clearly.
The Bank of India is ordering all imports from India to use rupees, not instead of using rupees when importing from Russia.
Nope, it gives the OPTION to traders to either do trade in USD OR in INR (Indian Rupee).
So USD will continue to remain for normal trade using swift.
Others who do not wish to do trade in USD can now do the trade in INR. Especially neighbors like Sri Lanka, Nepal, Bhutan, Bangladesh, Iran, Afghanistan and possibly Russia.
Take a closer look:
India central bank to allow rupee settlement system for international trade
Individual news pageswww.icis.com
3 month
USDCNY- 5.72%
USDINR- 4.85%
They don't tell you that in China?
Of course, you need to use US dollars to import oil from Gulf countries.The heading itself says Indian Central bank ALLOWS rupee settlement system for International Trade.
Which means earlier it was not allowed, now its allowed.
Its NOT COMPULSORY or MANDATORY, its just gives that option to the trader.
It will be impossible to buy gulf oil and gas without USD.
You're lying.
Look at the screenshot I sent.
On January 13, 2022, 1CNY was converted to 11.63162 INR.
On July 12, 2022, 1CNY was converted to 11.81934 INR.
CNY is appreciating relative to INR.
In addition, I would also like to remind you that China is the only country in the world that is reducing interest rates, and the world is raising interest rates.
But even if China cuts interest rates, CNY has not depreciated, and China has not yet experienced inflation.
Do you feel unfair and angry?
View attachment 861334
View attachment 861335
Of course, you need to use US dollars to import oil from Gulf countries.
The Bank of India has no restrictions on what currency to use when purchasing goods from other countries, and that also cannot be restricted.
The Bank of India restricts the use of rupees when importing goods from India. Read this paragraph clearly:
“Indian importers undertaking imports through this mechanism shall make payment in INR [Indian rupee] which shall be credited into the Special Vostro account of the correspondent bank of the partner country,” it added.
You're lying.
Look at the screenshot I sent.
On January 13, 2022, 1CNY was converted to 11.63162 INR.
On July 12, 2022, 1CNY was converted to 11.81934 INR.
CNY is appreciating relative to INR.
In addition, I would also like to remind you that China is the only country in the world that is reducing interest rates, and the world is raising interest rates.
But even if China cuts interest rates, CNY has not depreciated, and China has not yet experienced inflation.
Do you feel unfair and angry?
View attachment 861334
View attachment 861335
Of course, you need to use US dollars to import oil from Gulf countries.
The Bank of India has no restrictions on what currency to use when purchasing goods from other countries, and that also cannot be restricted.
The Bank of India restricts the use of rupees when importing goods from India. Read this paragraph clearly:
“Indian importers undertaking imports through this mechanism shall make payment in INR [Indian rupee] which shall be credited into the Special Vostro account of the correspondent bank of the partner country,” it added.
What the heck are you blaberring on about ? First you say that india is going to default on it's debt and that indians will jump into their presiden't pool , then suddenly you change your tone and start talking about rickshaws in india , are you even in your right state of mind ? I've given you resource to population ratio of india and I've proven you wrong on how IMF collects it's data and now you're changing the course of this argument to mask your failure in presenting a logical , factual argument. And above all of that you're calling me stupid when you yourself have the IQ of a 5 yr Old.
hahahahahahaGo meet a doctor. Your face is swelling.
His community among the poorest here in USASure mister know all
going by your comment history most of your comments are anti-India