rupees

They say cash is king. But in India's bustling heart, a new ruler has ascended to the throne: the Unified Payments Interface, or UPI. This digital payment system has woven itself into the fabric of Indian life, facilitating…

A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, IndiaAP Photo/Aijaz RahiIndia's efforts to achieve increased international acceptance for its currency are floundering.No oil trades were settled in rupees…

© Reuters. FILE PHOTO: FILE PHOTO: A cashier displays the new 2000 Indian rupee notes inside a bank in Jammu on November 15, 2016. REUTERS/Mukesh Gupta/File Image/File Image Written by Aftab Ahmed and Swati Bhatt NEW DELHI/MUMBAI…