Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
INR in itself shouldn’t be terrible at least as part of a currency mix, my understanding was the rupees used to pay Russia were blocked currency and only usable for Indian exports, which Russia has only limited use for.
After liberalization destroyed the little industry India had developed during state capitalism we basically had nothing to offer the world except for cheap software engineers.
INR in itself shouldn’t be terrible at least as part of a currency mix, my understanding was the rupees used to pay Russia were blocked currency and only usable for Indian exports, which Russia has only limited use for.
Correct, INR is a dead currency for Russia. Because Russia needs good amount of automobiles, high grade finished products which India has none.
After liberalization destroyed the little industry India had developed during state capitalism we basically had nothing to offer the world except for cheap software engineers.