Viny
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Like I said the situation for INR is very grim. India has pay its debt the timeline on that debt is coming down and rupee is falling. If India govt decides to give support to India's currency than it start depleting the foreign reserves very fast and on a large scale. If those foreign reserves deplete than there is a debt crises in India which could lead into a recession. INR is going to crash the best option for Indians is start stocking dollar so that they are at least saved from inflation.
Do you know whats % is total USD payout to Iran when compared to total USD out flow from India?
Unlike Pakistan, india doesnt have to borrow to pay debts, so dont worry about that, budget allocations have already been done for same. To deplete the foreign reserves at very fast and on a large scale like you suggested, we will have to launch an all out war on pakistan. Still it will not go down as fast as to create debt crises which could lead to recessions.
India buys a lot of oil from Russia to where have INR Rouble exchange system too, with Indian companies taking over oil wells in Russia, this is going to be big alternate channel too.