Perhaps India should get its own petrocurrency
I write to you in reference to your article Is there a case for a petrorupee? (October 27) Jennifer Gnana's article was fun to read and very meaningful. The oil trade is dominated by the dollar, which has become somewhat of a problem because of the US reimposing sanctions on Iran and Russia, in addition to waging a trade war on China. This has made the market more unstable. The third largest consumer of oil is India, maybe it is not such a bad idea for the subcontinent to have its own petrol currency? What a thought-provoking idea indeed.
K Ragavan, Bengaluru
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