The Indian rupee hit a historic low of 84.32 against the US dollar. This currency decline impacts the country’s purchasing power, even though India buys discounted oil from Russia and Venezuela.

November 8, 2024

The rupee’s depreciation effectively reduces the value of this discount, as imports become more expensive. On the other hand, if Russian funds remain within India, the losses from the rupee’s devaluation shift onto Russian oil companies.

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Since when did gdp = salary?

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It’s genuinely funny: 🇷🇺🇮🇷 Russia and Iran have completely abandoned the US dollar in bilateral trade, shifting entirely to national currencies. “We have entered into a currency agreement with Russia and abandoned the dollar. Now we only trade in rubles and rials.”

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The Indian rupee hit a historic low of 84.32 against the US dollar. This currency decline impacts the country’s purchasing power, even though India buys discounted oil from Russia and Venezuela.

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Since when did gdp = salary?

It’s genuinely funny: 🇷🇺🇮🇷 Russia and Iran have completely abandoned the US dollar in bilateral trade, shifting entirely to national currencies. “We have entered into a currency agreement with Russia and abandoned the dollar. Now we only trade in rubles and rials.”