 |
| Indian Rupee (Wiki Info) |
By Kedar Pavgi
Though the ongoing crisis involving Iran’s nuclear weapons has consumed the minds of many international policymakers in recent weeks, the chill in the U.S.-India relationship has also become a key concern. Indeed, even the relatively close relationship between President Barack Obama and Prime Minister Manmohan Singh hasn’t been able to disguise the intractable geopolitical differences between India and the United States.
India, dependent on the Iran for nearly 12 percent of its oil supplies, refused to cooperate with sanctions and has continued trading with Tehran, to the chagrin of U.S. policymakers. However, through this crisis, Indian policymakers may have found the ideal moment to promote Indian power by ushering in the age of the rupee as a major regional currency.
Read the full story at The Diplomat