Reading Time: 3 minutesBy Vinod Popat In a bold and forward-looking economic move, India is increasingly turning to bilateral trade in local currencies, bypassing the traditional reliance on the US dollar. One such landmark development is the trade agreement between India and Mauritius, which enables trade settlements in Indian Rupees (INR) and Mauritian Rupees (MUR), rather than the US dollar. This strategic shift is not just a matter of convenience or national pride—it’s a calculated geopolitical step that could have far-reaching consequences for the global financial order. The India-Mauritius Trade Deal: A Case Study In early 2024, India and Mauritius…
