India’s de-dollarization push faces significant challenges

India’s attempt to shift its oil payments to rupees, as part of a broader strategy to reduce dependence on the U.S. dollar, has encountered setbacks, according to recent disclosures by the Indian Oil Ministry. The initiative aimed to have oil producers accept payments in the local currency, but the ministry acknowledged that it has not […] source: https://www.cryptopolitan.com/indias-dollarization-significant-challenges/