India’s rupee has fallen to its lowest point ever, trading at 84.6850 per dollar after a government report revealed the slowest economic growth in two years. But the rupee isn’t just slipping because of domestic issues.

Why are countries trying to move away from the dollar? What has India done so far in this regard? And why is there a risk of Chinese domination if the dependence on the US dollar does go down?

President-elect Donald Trump has issued a stark warning to the BRICS nations – Brazil, Russia, India, China, and South Africa, that any effort to sideline the US Dollar in global trade will come at a steep cost.

In August, External Affairs Minister S Jaishankar expressed scepticism about the need for a Brics currency and said it was highly likely that the alliance members would continue to be involved in global trading by using their own currencies.

Donald Trump has demanded that Brics members promise not to create a new currency or support another currency to replace the United States dollar as the world’s reserve currency. But why does the US benefit from the status quo?

US President-elect Donald Trump has threatened 100 per cent tariffs on Brics nations and allies if they support a new currency to replace the dollar i

Former RBI Governor questions feasibility of Trump's threat to impose 100% tariffs on BRICS countries moving from US dollar.

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

Donald Trump's remarks follow a BRICS meeting last month that discussed boosting non-dollar transactions and strengthening local currencies.