Mains Examination: General Studies II: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

What’s the ongoing story: The war in West Asia has exacerbated a key pain point for the country’s economy: the rupee’s value.

• What has been India’s strategy of settling international trade in Indian Rupees (INR)?

• How India saved ₹14,000 crore in foreign exchange in February 2026?

• Why Reserve Bank of India (RBI) introduced a framework for rupee-based trade?

• What is “internationalisation of the rupee”?

• What is “depreciation of Rupee”?

• Devaluation of Rupee and depreciation of Rupee-compare and contrast

• Why settling trade in domestic currency particularly useful during periods of rupee depreciation?

• What is Vostro accounts in rupee trade settlement?

• What is the difference between Vostro and Nostro account?

• What are the key limitations of rupee-based trade settlement?

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• How rupee trade settlement can…