evidence: India has taken a significant step toward achieving this status for the rupee. [...] Can the Indian rupee become the new dollar? #rupee #dollar [...] In fact, the rupee is already well on it’s way to becoming an international currency. In December 2022, India and Russia completed their first trade settlement in rupees, as part of the International Settlement of Trade. Sri Lanka, Bangladesh, Mauritius and some other countries are already considering the settlement of bilateral trade in Indian rupees.