BusinessPhoto: Business StandardIndia Promotes Rupee Trade to Aid Forex-Starved Nations
Finance Minister Nirmala Sitharaman stated that India aims to promote trade settlements in rupees to assist partner countries facing shortages of hard currencies. This initiative is intended to help these countries continue importing essential goods despite foreign currency constraints. Speaking at the IMF-World Bank meetings in Bangkok, she emphasized facilitating local currency settlements to maintain trade flows.
Business Standard··Bangkok




