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India wanted to ditch the US dollar and buy oil in rupees. No seller wanted to get involved

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markets.businessinsider.com/news/currencies/de-dollarization-india-push-to-internationalize-the-rupee-is-misfiring-2023-12

India's efforts to achieve increased international acceptance for its currency are floundering.
• No oil trades were settled in rupees during the financial year 2022-2023, the Press Trust of India reported.
• Countries from China to Russia and India have been seeking to rely less on the dollar in global transactions.
India's campaign to achieve wider international acceptance…

This story from markets.businessinsider.com was posted on 2023-12-26 by @frostspark.

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