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India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi's foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a "source of international economic stability".His comments followed repeated warnings from US President Donald Trump against any efforts by Brics - an acronym of founding nations Brazil, Russia,...

External Affairs Minister S Jaishankar, during his visit to the UK, addressed global economic concerns including the US dollar’s role, BRICS' position on de-dollarisation, and the internationalisation of the Indian rupee. He dismissed speculation that India aims to replace the US dollar, stating the dollar remains essential for global stability. Jaishankar clarified that BRICS lacks a unified stance on de-dollarisation. While rejecting de-dollarisation, he highlighted India's efforts to expand the global use of the rupee, establishing mechanisms with countries facing hard currency shortages. Jaishankar also underlined India's positive relations with...