Indian government when you actually have to pay for the international trade you order.
Russia got duped by India where India promised to build large ship tankers for Russia. I just don't understand how Russia agreed on it. It's a total scam from India's side. India will not pay Yuan because of it's racism and nationalism but it doesn't have a credible currency to back their transfers.
INR in itself shouldn't be terrible at least as part of a currency mix, my understanding was the rupees used to pay Russia were blocked currency and only usable for Indian exports, which Russia has only limited use for.
Indian government when you actually have to pay for the international trade you order.
Russia got duped by India where India promised to build large ship tankers for Russia. I just don't understand how Russia agreed on it. It's a total scam from India's side. India will not pay Yuan because of it's racism and nationalism but it doesn't have a credible currency to back their transfers.
INR in itself shouldn't be terrible at least as part of a currency mix, my understanding was the rupees used to pay Russia were blocked currency and only usable for Indian exports, which Russia has only limited use for.