Mains Examination:  General Studies II: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. What’s the ongoing story: The war in West Asia has exacerbated a key pain point for the country’s economy: the rupee’s value. • What has been India’s strategy of settling international trade in Indian Rupees (INR)? • How India saved ₹14,000 crore in foreign exchange in February 2026? • Why Reserve Bank of India (RBI) introduced a framework for rupee-based trade? • What is “internationalisation of the rupee”? • What is “depreciation of Rupee”? • Devaluation of Rupee and depreciation of Rupee-compare and contrast • Why settling trade in domestic currency particularly useful during periods of rupee depreciation? • What is Vostro accounts in rupee trade settlement? • What is the difference between Vostro and Nostro account? • What are the key limitations of rupee-based trade settlement?…