India’s De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repatriation Concerns
India's Attempt to Pay for Oil in Rupees Fails The Indian Oil Ministry recently admitted that its efforts to pay for oil with rupees have been unsuccessful due to concerns from suppliers about repatriating funds. The goal of this initiative was to reduce India's reliance on the U.S. dollar for cross-border transactions. High Transactional Costs […]
				








