2023-08-01 15:30:11
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VIDEO INTRODUCTION:
On 11th of July 2022, the Reserve Bank of India a made very very bold announcement whereby domestic traders could settle their imports and exports with Indian Rupees!! This was a very very big deal because India could trade directly with Russia without depending on the American banks!! So in spite of the rising oil prices, we could buy discounted oil from Russia in Indian Rupees. and as citizens of India, we were delighted to see this because we saw this as a gesture of India bravely standing against the West and a giant leap to take the Indian Ruppe Global!!! But exactly 1 year later, there is something unpleasant that came to our notice!! Turns out this strategy has failed to an extent where Now Indian traders are buying Russian oil not just with dollars and dhiram but even with the Chinese Yuan!! Yes, you heard that right, Indian Oil Corp which is India’s biggest buyer of Russian crude oil, became the first state refiner to pay for some Russian purchases in yuan. and At least two of India’s three private refiners are also paying for Russian imports in yuan.
and as much as it is important to appreciate and celebrate the good moves by India, it is equally important to follow up on them and see if there is a tangible output coming out it!!!
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✔️The playlist mentioned in the video:
https://youtu.be/t8FunWBwmqg?feature=shared
https://youtu.be/cW6_C7mqQYY?feature=shared
https://youtu.be/icjoSeNEOx0?feature=shared
https://youtu.be/0PluOhrvB3A?feature=shared
⬇️Our Top 2022 Playlist
Geopolitics:
India is Trapping China - https://youtu.be/I7vz7Ym82_4
Oil Giants Crushing Europe - https://youtu.be/aGVtLubW9q0
Israel’s Secret Strategies - https://youtu.be/ec9Nwka9kBg
China vs India Military Strategy in Ladakh - https://youtu.be/tTlwfnZAdQk
Upcoming US Recession Affects Indian Economy - https://youtu.be/HofmLFn6MTo
Best of Business:
1. Asian paints - https://youtu.be/jGT6ob8hV6M
2. Amul - https://youtu.be/nnwqtZiYMxQ
3. Haldiram - https://youtu.be/Z7P-t_yc8gE
4. Malboro - https://youtu.be/6-tS7-IhCbI
5. Lijjat Papad - https://youtu.be/EdpoEmifW7M
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3.Presuasion: https://amzn.to/3nF4Xi8
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5. Culture code: https://amzn.to/3tfaxsZ
6. Hooked: https://amzn.to/2R9G9CM
7. I will teach you to be rich: https://amzn.to/3AUDLSO
8. From Third world to First: https://amzn.to/3yQSjAV
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Currency war play list
https://youtu.be/t8FunWBwmqg?feature=shared
https://youtu.be/cW6_C7mqQYY?feature=shared
https://youtu.be/icjoSeNEOx0?feature=shared
https://youtu.be/0PluOhrvB3A?feature=shared
✅Study Materials:
https://thediplomat.com/2023/05/end-of-the-road-for-india-and-russias-rupee-ruble-trade/
https://businessindia.co/magazine/russias-rupee-problem
https://www.outlookindia.com/business/rupee-as-global-currency-what-is-stopping-india--news-292696
https://www.businessinsider.in/policy/economy/news/russia-doesnt-know-what-to-do-with-the-1-billion-in-rupees-it-is-amassing-in-india-each-month/articleshow/100676904.cms
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#thinkschool #businesscasestudy #geopolitics Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.