It has left British pound behind.
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In April 2016, 3.8% of all payments made between India and China, including Hong Kong, were settled in Chinese yuan. Two years ago, only 0.2% of trade was priced in the Chinese currency. Since 2014, the Chinese currency moved from the sixth most used to the fourth, overtaking the Hong Kong dollar and the British pound.
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Sorry British Pound, India Prefers Chinese Yuan In Trade Deals
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In April 2016, 3.8% of all payments made between India and China, including Hong Kong, were settled in Chinese yuan. Two years ago, only 0.2% of trade was priced in the Chinese currency. Since 2014, the Chinese currency moved from the sixth most used to the fourth, overtaking the Hong Kong dollar and the British pound.
...
Sorry British Pound, India Prefers Chinese Yuan In Trade Deals