Tag

Rupees

All articles tagged with #rupees

finance2 years ago•2 min saved

"Former Kremlin Official Points Finger at Stranded Rupees in India for Ruble's Crash"

Former Kremlin official, Mikhail Zadornov, blames the recent crash of the ruble on Russia's accumulation of rupees that are stranded in Indian banks. Zadornov argues that the inability to convert these rupees into their own currency has left Russia with a surplus of inconvertible currency, contributing to the ruble's decline. He suggests that the Russian Central Bank intervene in the exchange rate markets and tighten monetary policy to stabilize the ruble. Russia and India are currently deadlocked in a currency dispute, which has also impacted weapons sales between the two countries.

via Yahoo Finance|

#currency-dispute #finance #india

finance2 years ago•2 min saved

India's Oil Payment in Rupees Signals Potential Trouble for the Dollar

India has purchased 1 million barrels of oil from the UAE using rupees instead of the US dollar for the first time, marking a significant step in the de-dollarization trend. This move follows India's agreement with the UAE to settle trade in their local currencies and establish a real-time payment link. The trend of reducing reliance on the dollar is not limited to India and the UAE, as powerful nations like China and Russia also seek to dethrone the greenback in response to US sanctions and foreign policy. However, Treasury Secretary Janet Yellen has stated that no currency currently exists that could replace the dollar.

via Yahoo Finance|

#de-dollarization #dollar #finance

international-trade2 years ago•1 min saved

India and UAE Strengthen Trade Ties with Local Currency Settlements

India and the United Arab Emirates have signed an agreement to settle trade in rupees instead of dollars, aiming to reduce transaction costs. The two countries also agreed to establish a real-time payment link to facilitate cross-border money transfers. The move is part of India's efforts to cut dollar conversions and foster greater economic cooperation. Bilateral trade between India and the UAE was $84.5 billion in the last fiscal year.

via Reuters|

#cross-border-transactions #india #international-trade

gaming2 years ago•1 min saved

Exploring Blupee Burrow: A Guide to Tears of the Kingdom.

Blupee Burrow is a new area in The Legend of Zelda: Tears of the Kingdom, located below Satori Mountain. It contains around 50 poes, a chest with 20 crystallized charges, and the mysterious Blupee creatures, which serve as the only living rupee sources in the Depths. By exploring the various cliffside caves, players can find numerous Blupees waiting inside. While not the most efficient method of earning money, Blupee Burrow adds character to the game.

via PC Invasion|

#blupee-burrow #collectibles #gaming

gaming2 years ago•2 min saved

"Zelda: Tears of the Kingdom Glitches for Easy Rupees and High Performance on PC"

Players of The Legend of Zelda: Tears of the Kingdom have discovered a new glitch called the 'frozen meat glitch' that allows them to make a lot of rupees with minimal effort. The glitch involves creating a structure of meat clubs using Autobuild and Zonite, then freezing the meat in a snowy area and selling it for 40 rupees per piece. The glitch works as of ver.1.1.2, but may be fixed in future patches.

via Nintendo Life|

#frozen-meat #gaming #glitch

gaming2 years ago•5 min saved

The Real Value of Video Game Gems in US Dollars.

Forbes estimates that one of Zelda's rupees is worth around $0.62, with green rupees worth approximately $0.62, blue rupees worth $3.10, red rupees $12.40, and purple rupees $31. Link's clothing can be surprisingly expensive when converting currencies, with the early-game Hylian armor set costing the equivalent of around $200 in the game's shops. Tears of the Kingdom is the fastest-selling game in the nearly 40-year history of the Zelda franchise, selling 10 million units worldwide in the three days after launch.

via Forbes|

#gaming #gaming-industry #legend-of-zelda