India’s rupee has fallen to its lowest point ever, trading at 84.6850 per dollar after a government report revealed the slowest economic growth in two years. But the rupee isn’t just slipping because of domestic issues.

Donald Trump has demanded that Brics members promise not to create a new currency or support another currency to replace the United States dollar as the world’s reserve currency. But why does the US benefit from the status quo?

Over the past few years, a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar or creating their own BRICS currency.