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The growing footprint of Indian rupee | In-Depth Analysis
In addition to this, Sri Lankan President Vikram Singh made a statement hinting at settling Sri Lanka's trade in the Indian rupee as well. The million-dollar question that now arises is whether the Indian rupee is growing stronger and is it a direct challenge to the US Dollar's hegemony. India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars.
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