evidence: The turbulence in markets due to the back-to-back global calamities of Covid-19 pandemic and the Russia-Ukraine war has forced each country in the world to rethink its economic policy. Last week, State Bank India proposed that RBI should make conscious efforts to make Indian Rupee (INR) international currency. The Reserve Bank of India has announced a policy to allow international trade settlement in Indian Rupees to promote growth of global trade and to support the increasing interest of the global trading community in INR. [...] - Indian rupee was accepted in gulf countries, including UAE, Qatar, Kuwait and Oman in 1960. [...] The rupee can be transformed into an international currency provided it is a stable currency to enable international trade. If rupee is used for international trade transactions by many countries around the world, it may reduce India’s trade deficit and will be strengthened in the world market. Consequently, more countries may start adopting the rupee as their trade currency.