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India's central bank governor clarifies no plans to de-dollarize trade, despite pressure.
The Reserve Bank of India's Governor, Shaktikanta Das, has clarified that India has no plans to de-dollarize its trade, despite threats from US President-elect Donald Trump against BRICS nations considering a common currency.
Das stated that India is focusing on reducing trade risks by entering into agreements for local currency trade with a few countries and allowing the opening of Vostro accounts.
These measures aim to decrease dependence on the US dollar without fully de-dollarizing.
5 months ago
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