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Dollar Distancing finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap

Many countries across the globe has been surreptitiously searching for non traditional payment and settlement mechanisms that points to 'Dollar Distancing' finally happening.Meanwhile, an interesting development is taking place in the global .

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Welcome To IANS Live - BUSINESS - Dollar Distancing finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap

Meanwhile, an interesting development is taking place in the global currency market. There has been a significant jump in the demand for Yuan arising from short-circuiting the sanctions in place by corporates in select jurisdictions who have been utilizing multitude of non-dollar currencies to procure crude and other commodities viz. coal through striking deals in Renminbi/HKD/AED pairs at discounted rates, SBI Ecowrap report said.On a

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Dollar dominance threatened as countries look for alternative currencies

There has been a significant jump in the demand for Yuan arising from short-circuiting the sanctions in place by corporates in select jurisdictions who have been utilizing multitude of non-dollar currencies to procure crude and other commodities.

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Dollar Distancing finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap

Dollar Distancing finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap
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