copenlu/druid huggingface dataset:
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2022-12-19): "The recent gravitation of more countries, including the likes of Tajikistan, Cuba, Luxembourg and Sudan towards the Indian rupee settlement mechanism has been very encouraging. The increasing participation of these countries strengthens the hold of rupee as a currency in the international Forex market," said - Nikhil Varma, Managing Partner, MVAC. [...] Experts believe rupee becoming an international currency would likely reduce India's trade deficit and the rupee will be strengthened in the global market A currency is generally termed 'international' if it is widely accepted across the world as a medium of exchange for trade. [...] It is widely believed if the mechanism fructifies then it may go a long way in internationalizing the Indian currency rupee in the long run.SBI Research, in a report in early July, said, an interesting development is taking place in the global currency market as there has been a significant jump in trade in oil and other commodities in currencies such as the Renminbi, Hong Kong Dollar, and Arab Emirates Dirham.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2024-02-01): The Indian rupee was at the 84 per USD level, hovering close to the record low of 83.05 touched on October 4th, pressured by an upturn in foreign currency outflows from Indian financial centers. The announcement of aggressive fiscal and monetary and stimulus from China drove domestic and foreign investors to reallocate their capital towards Chinese markets, selling their rupee-denominated positions and contributing to the historical rallies in Shanghai and Hong Kong equity indices. The foreign currency outflows were magnified by the surge in oil and coal prices during early October after heightened geopolitical tensions in the Middle East increased the risk premiums for energy contracts and made key Indian imports more expensive. Still, the RBI is expected to prolong its terminal rate of 6.5% this week and hold off the start of rate cuts, heeding to upside inflation risks despite the recent slowdown in domestic price growth. The USDINR increased 0.0041 or 0.00% to 83.9681 on Tuesday October 8 from 83.9640 in the previous trading session. Historically, the USDINR reached an all time high of 85.19 in June of 2024. Indian Rupee - data, forecasts, historical chart - was last updated on October 8 of 2024. The USDINR increased 0.0041 or 0.00% to 83.9681 on Tuesday October 8 from 83.9640 in the previous trading session. The Indian Rupee is expected to trade at 84.08 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 84.87 in 12 months time.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2022-07-20): 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.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-02-07): 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.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-12-30): Recently, India has made first-ever payment in rupees for crude oil purchased from the UAE, paving the way for the Internationalization of Indian Currency. [...] - In the 1950s, the Indian rupee was widely used as legal tender in the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar. [...] The Tarapore Committee's recommendations (in 1997 and 2006), including reducing fiscal deficits, inflation rates, and banking non-performing assets, should be pursued as a primary step towards internationalisation of rupee. Also, advocating for the rupee to become an official currency in international organizations would raise its profile and acceptance.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2024-10-05): India's foreign exchange reserves surged past $700 billion for the first time in the week ending September 27, reaching a record $705 billion, according to official data. This stockpile, the fourth-largest in the world, has been bolstered by foreign inflows into the nation's stocks and bonds. The Reserve Bank of India (RBI) has used these reserves to stabilize the rupee, preventing extreme fluctuations in the currency, which remains near a record low.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-09-18): Asian markets have discussed the need for other currencies as viable alternatives to the US dollar for some time. The "Joint Statement of the BRICS Ministers of Foreign Affairs and International Relations" released after the meeting of the foreign ministers of BRICS (Brazil, Russia, India, China and South Africa) in Cape Town, South Africa, on June 1, 2023,1 underscored the importance of encouraging the use of local currencies in international trade and financial transactions among BRICS members as well as with their trading partners. In fact, the need for alternate currencies has been emphasized by the International Monetary Fund (IMF) for a while2. The IMF has identified the Indian rupee (INR) as a potential international currency alongside China’s RMB (renminbi). In 2016, China’s RMB was included in the IMF’s Special Drawing Rights (SDRs) basket. Recently, the IMF raised the RMB’s weightage to 12.28 percent. [...] All this may not challenge the dollar’s dominance, but India’s growing geopolitical leverage and prospective economic growth, as projected by several international agencies (Goldman Sachs, the Japan Center for Economic Research [JCEP]), will certainly make the Indian rupee an accepted international currency in the years to come. In 1971, Susan Strange7 coined the notion of a "negotiated currency".
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2024-10-07): India, the world’s fastest growing major economy, has become the fourth economy in the world to surpass $700 billion in foreign reserves, joining China, Japan, and Switzerland The third largest Asian economy’s forex reserves have crossed the $700 billion mark for the first time, increasing by $12.6 billion during the week ended September 27, according to data released by the Reserve Bank of India (RBI). With this milestone, India becomes the fourth economy in the world to surpass $700 billion in foreign reserves, joining China, Japan, and Switzerland.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-09-06): In recent years, India’s rupee has emerged as a rising star in the international currency arena, showcasing remarkable resilience and steady growth. Long considered a local currency with limited global influence, the Indian rupee has shattered expectations and is now making waves on the global stage. Its transformation from a regional denomination to a sought-after currency in international transactions and investments is a testament to India’s economic prowess and growing significance in the world economy. [...] The rupee’s ascent has also been noteworthy in Asia, with regional economies recognizing the potential benefits of conducting trade in Indian rupees. Nations like the United Arab Emirates and Singapore have already embraced the rupee as a reliable currency for bilateral trade, further enhancing India’s presence in the region. Additionally, India’s strategic location and its status as an emerging economic powerhouse have prompted many Asian countries to consider the rupee as an alternative to traditional currencies in their trade transactions. [...] India’s rupee has undoubtedly come a long way from its humble beginnings as a local currency. Today, it stands tall as a symbol of India’s economic resilience and growing importance in the global economy. As the nation continues to pursue ambitious economic reforms and strengthens its position in international trade and investments, the rupee’s influence will only continue to rise. With prudent policies and strategic alliances, the rupee is poised to shape the future of global currency dynamics, offering a beacon of hope and opportunity for India and the world.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2024-04-03): The recent Reserve Bank of India’s 90th anniversary ceremony—while highlighting the efforts to control inflation, monitor monetary policy and helping improve asset quality of banks in recent years—also brought into discussion steps to make the rupee more internationally accepted.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-08-14): Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. [...] In the short run, the members of the Group recommended enabling rupee as an additional settlement currency in existing multilateral mechanisms; integrating Indian payment systems with other countries for cross-border transactions; inclusion of G-Secs (or government bonds) in global bond indices; and providing equitable incentives to exporters for rupee trade settlement. [...] Stating India as one of the fastest-growing countries which showed remarkable resilience even in the face of major headwinds, the IDG said it feels that the rupee has the potential to become an internationalised currency.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2024-01-01): India’s foreign reserves dwindle but currency defence still strong was Dkr4188 now Dkr1999 for your first year. Make up your own mind. Build robust opinions with the FT’s trusted journalism. Offer available here until 24th October.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-05-05): Within that background, we came across viral social media posts that exaggerated India's financial and economic development and claimed that the Indian Rupee had become the World's fourth most recognized currency. But first, let’s take a look at how the claim was shared among social media users. Facebook posts accompanying a short video clip claim that the Indian Rupee (INR) had become the 4th most recognized international currency after the US Dollar, British Pound & Euro to be accepted on Currency Exchange counters across airports globally. The symbol of the Indian Rupee (₹) can be detected on the wall of the counter along with the other three currency symbols, the US Dollar ($), Pound (£), and Euro (€). [...] We noticed several posters also created as a result of this video. These posts also say that Indian Rupee has become the fourth international currency after Dollar, Pound, and Euro. In addition, some of the posts suggest that 36 countries, including Russia, agreed to replace the US Dollar with Indian Rupee.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2024-09-18): Indian rupees (INR) per US dollar -
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-06-21): Anecdotal evidence, including official statements, points to intentions of some countries to develop the use of alternatives to major traditional currencies, such as the Chinese renminbi, the Russian rouble or the Indian rupee for invoicing international trade. There is also evidence that Russia has been using the Chinese renminbi to a significantly greater extent for international invoicing and cross-border payments in the past few months. However, the available data do not show substantial changes in the use of international currencies as yet. One exception is evidence of increased accumulation of gold as an alternative reserve asset, possibly driven by countries geopolitically closer to China and Russia.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-09-26): Additionally, the peso is the third-most-traded currency among developing countries (after the Chinese renminbi and Indian rupee). Analysts note that in the recent period, the peso’s liquidity has, on the margin, supported its attractiveness as a carry-trade currency.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-02-22): In February 2022, heavily sanctioned and isolated, Russia had to find an alternative to dollar-denominated transactions. The new currency needed two characteristics: It had to be relatively stable and minted by a non-sanctioning country. Of the few eligible options, such as the Indian rupee and South African rand, China’s yuan was the only one actively seeking an international role and able to take it on.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-05-09): The euro has become the second most traded currency behind the U.S. dollar. The official currency of the majority of the nations within the eurozone, the euro was introduced to the world markets on Jan. 1, 1999, with banknotes and coinage entering circulation three years later. [...] The Great British pound, also known as the pound sterling, is the fourth most traded currency in the forex market. Although the U.K. was an official member of the European Union, the country never adopted the euro as its official currency for a variety of reasons, namely historic pride in the pound and maintaining control of domestic interest rates. As a result, the pound is sometimes viewed as pure-play in the United Kingdom.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2016-11-14): These may be the largest denomination Indian notes but they are not high value by international standards - 1,000 rupees is only £12. But together the two notes represent 86% of the currency in circulation.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2023-12-05): Significant international usage of the riyal and the dirham is also currently unlikely; the dollar-pegged nature of these currencies inherently limits their attractiveness as tools of dedollarization. However, against the backdrop of sanctions-related restrictions on the dollar’s usage in trade with Russia, the dirham rather than the renminbi has reportedly become a dominant currency of India-Russia trade, partially in response to Indian officials’ discomfort with use of the renminbi by Indian importers.122 Notably, the mBridge aims to make the dirham’s use as a payments currency more attractive by mitigating foreign exchange settlement risk through PvP transactions. Additionally, in September 2023, the UAE’s central bank signed a bilateral swap agreement with Egypt’s central bank,123 perhaps to facilitate the dollar-pegged dirham being used to help relieve Egypt’s dollar shortages.
Claim: Indian Rupee Has Become The World`S Fourth Most Recognized Currency (Social Media Users, 2023-04-26)
Evidence (2022-10-13): The next three most traded currencies – the euro, the Japanese yen and the pound sterling – retained their relative rankings. The euro continued to be the world's second most traded currency, on one side of 30.5% of all trades in April 2022 (down slightly from 32% in 2019). The Japanese yen and sterling were on one side of 17% and 13% of all trades, respectively, virtually unchanged since the 2019 Survey. The Chinese renminbi exhibited the biggest increase in market share since the 2019 survey, being on one side of 7% of all trades in 2022 (up from 4% in 2019). As a result, the renminbi became the fifth most traded currency, up from eighth place three years ago. [...] 7 While FX markets globally can be characterised as OTC markets, a large share of trading in the Brazilian real and, to a lesser extent, the Indian rupee is done via exchange-traded derivatives (XTD) (see Table 4). Taking XTD markets into account would boost the relative ranking of both currencies.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-09-25): Our investigation reveals that the social media posts speculating that the young woman accompanying Dhanushka Gunathilake during the recent trial to be his lawyer are false. The woman is believed to be Dhanushka Gunathilake's current girlfriend; however, she is not associated with the legal profession. The legal representation for Dhanushka Gunathilake is being handled by Senior Defense Counsel Murugan Thangaraj.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-09-28): While the case against cricketer Dhanushka Gunathilake for alleged sexual assault in Australia drew much attention, there was a lot of curiosity on social media about the young woman who accompanied the cricketer as well. We decided to investigate the accuracy of viral claims suggesting that the woman might be Dhanushka's legal representative. [...] Furthermore, Sleuthing Together, a Facebook page dedicated to covering high-profile trials worldwide, mentioned that the woman presumed to be Dhanushka's current girlfriend, accompanying him during the proceedings does not have a legal background and is neither a law student nor a practicing lawyer. [...] Our investigation reveals that the social media posts speculating that the young woman accompanying Dhanushka Gunathilake during the recent trial to be his lawyer are false. The woman is believed to be Dhanushka Gunathilake's current girlfriend; however, she is not associated with the legal profession. The legal representation for Dhanushka Gunathilake is being handled by Senior Defense Counsel Murugan Thangaraj.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-09-18): Alleged rape victim of Sri Lankan cricketer Danushka Gunathilaka ‘feared’ for her life, court [...] Danushka Gunathilaka is facing a judge alone trial at the Downing Centre District Court after pleading not guilty to one charge of sexual assault without consent. [...] Mr Gunathilaka’s barrister, Murugan Thangaraj SC, told the judge the Crown must prove beyond a reasonable doubt his client removed the condom "against the woman’s will".
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-11-29): But Mr Gunathilaka’s lawyer, Alen Sahinovic, told the court that his client was living back home in Sri Lanka and he would need time to get instructions. The matter will return to court in December. [...] "I think the judge’s verdict says everything," he said outside court, thanking his family, lawyers, manager and supporters.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-09-21): Sri Lankan cricketer Danushka Gunathilaka pursued a Tinder date "relentlessly" before an alleged sexual assault, prosecutors have told a Sydney court, as his lawyers insist the woman has created an unsustainable "narrative". [...] The cricketer’s defence counsel, Murugan Thangaraj SC, said the woman’s position had "morphed over time", accusing her of giving untruthful and self-serving evidence on various topics.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-05-18): Sri Lanka cricketer Danushka Gunathilaka has had three of his four sexual-assault charges dropped by the public prosecutor in his ongoing case in Australia.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2022-11-17): Danushka Gunathilaka granted bail in case of alleged sexual assault
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2022-11-07): Sri Lanka cricketer Danushka Gunathilaka who has been charged with 4 counts of sexual assault in Sydney, Australia is set to submit an appeal to the Supreme Court, Gunathilaka’s lawyer Anand Amaranath said on Monday (07).
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2022-11-09): Sri Lankan international cricketer Danushka Gunathilaka is accused of choking a Sydney woman during an alleged sexual assault after he met her on Tinder, leaving her "fearing for her life" and requiring a brain scan, documents released by the court reveal.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2023-01-12): A Sydney magistrate has adjourned the rape case of Sri Lankan cricketer, Danushka Gunathilaka, so a police brief of evidence can be finalised.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2024-04-05): Sri Lanka Cricket hires new lawyers for Dhanushka Gunathilaka Lawyer Ananda Amaranath, who was handling Dhanushka Gunathilaka’s case in court on Monday (November 07), has withdrawn from the case. [...] Meanwhile Sri Lanka Cricket (SLC) has decided to pay legal fees on behalf of Dhanushka Gunathilaka.
Claim: The Woman Accompanying Dhanushka To Court Is His Lawyer! (Social Media Users, 2023-09-25)
Evidence (2022-11-11): Fake Rumors went viral as Maxwell visited Dhanushka in prison to offer his support! [...] Sri Lanka Cricket confirmed on Sunday (November 6) that Danushka Gunathilaka had been arrested in Sydney for alleged sexual assault. On Saturday, 5 November 2022, detectives from the State Crime Command's Sex Crimes Squad and Eastern Suburbs Police Area Command commenced a joint investigation under Strike Force Veteran following reports that a 29-year-old woman had been sexually assaulted at a residence in Rose Bay earlier this week, NSW police said. It was also claimed that the woman had met Dhanushka via an online dating application. It's alleged that the Sri Lankan cricketer had sexually assaulted the woman on Wednesday, 2 November 2022. Published reports on this here and here. [...] Title:Maxwell Supporting Dhanushka Gunathilaka and Visited Jail too ?... Find Out the Facts