rupeebased
Rupeebased is a concept in economics and finance describing the use of the Indian rupee as the base currency for pricing, invoicing, accounting, and settlement of transactions. In a rupeebased framework, INR serves as the reference currency for a market or bilateral arrangement, rather than a more globally dominant currency such as the US dollar.
The term appears in discussions around rupee internationalization and efforts to promote rupee-denominated trade and finance.
Implementation faces constraints: INR capital-account convertibility is limited, liquidity in INR markets varies, and regulatory rules
Critics caution that premature or fragmented adoption could affect monetary policy transmission, introduce new compliance burdens,