Executive Summary BLUF: India’s rupee internationalisation is no longer symbolic monetary diplomacy; it is a controlled, state-led attempt to expand INR use in trade settlement, cross-border finance, reserve-adjacent liquidity, and strategic autonomy. The operational base is already visible through Special Rupee Vostro Accounts, rupee invoicing, market-determined exchange-rate settlement, and wider use of rupee accounts for … Leggi tutto India’s INR Internationalisation: 5-Year Risk Outlook