The Indian rupee (INR) is gaining momentum as an international currency, as more countries are opting to trade in INR instead of the US dollar. This is a significant development for India's economy, as it reduces the dependency on foreign exchange reserves, lowers transaction costs, and boosts exports. Trading in INR is also in line with India's vision of becoming a self-reliant and resilient economy. As more countries join the bandwagon of trading in INR, India can expect to reap more benefits and advantages from its international trade relations.
