BRICS Shakeup: India Officially Rejects US Dollar Exit for Rupee Trade
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最新报道：India maintains a nuanced stance on de-dollarization, rejecting a complete shift away from the US dollar while expanding bilateral rupee trade agreements. The Ministry of External Affairs clarified that de-dollarization is not part of India's financial agenda, despite BRICS discussions on alternative currencies. Recent agreements with the Maldives and UAE enable direct rupee settlements, reducing transaction costs and forex exposure. Unlike China and Russia, India avoids excessive currency independence, prioritizing strategic bilateral partnerships over multilateral currency initiatives. This approach allows India to selectively reduce dollar reliance while retaining global financial access.
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