TL;DR Breakdown India has made conspicuous moves suggesting efforts to counteract the U.S. dollar’s dominance. On September 8, the Indian Rupee surged against the U.S. dollar, fueling speculations of India’s strategic interventions. Sources suggest the Reserve Bank of India might have orchestrated a strategic dollar sale to prevent the dollar from reaching record highs against the Rupee. Description When it comes to international economic power plays, one can never underestimate the steps nations take to maintain their sovereignty and growth. The BRICS nations, an alliance of Brazil, Russia, India, China, and South Africa, have long been viewed as an economic counterweight to the West’s dominance. But in recent times, it’s India’s brazen stance … Read more When it comes to international economic power plays, one can never underestimate the steps nations take to maintain their sovereignty and growth. The BRICS nations, an alliance of Brazil, Russia, India, China, and South Africa, have long been viewed as an economic counterweight to the West’s dominance. But in recent times, it’s India’s brazen stance against the omnipotent U.S. dollar that’s caught global attention….
