This article seeks to deconstruct the growing narrative towards the internationalisation of the Indian Rupee as a global currency, situating it within the prevailing geopolitical climate, regulatory considerations, economic causes and impacts. This shall be unravelled with a specific focus on the legal and economic barriers to such implementation, the new Foreign Trade Policy 2023 and its regulatory implications and legal/policy changes in achieving the intended goal; all in ultimately answering the question- would it be prudent, amidst legal, political and economic barriers, to envision international adoption of the Indian Rupee and what does the new policy promise?
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