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BRICS Summit Tests De-Dollarisation as India Resists Joint Currency Push

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • BRICS members meet in New Delhi to discuss local-currency settlements and cross-border payment interoperability.
  • India firmly rejects creating a common BRICS currency or pursuing an explicit de-dollarisation agenda, while China and Russia continue bilateral settlements in national currencies.
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