Deconstructing: INR Settlement introduced by RBI
This 27 minute long conversation is condensed in less than 200 words below.
Key Takeaways
India’s aspiration to be a global economic powerhouse entails multiple steps - allowing INR settlement is one of them
On acceptance of this system - Sanyal argues that it’s not going to immediately be accepted amongst all the countries let’s say for someone like a Nigeria and Argentina trading with each other - they might very well continue with the dollar denominated exchange