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Currencies

Brics nations divide on US dollar replacement, with India declaring ‘no interest’

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,...
Currencies

Jaishankar explains India’s stand on FTA with UK, China, Brics currency and global crises at Chatham House – Firstpost

External Affairs Minister S Jaishankar spoke at an event hosted by Chatham House in collaboration with the High Commission of India in the UK, where he discussed India’s growing role in global affairs.read moreExternal Affairs Minister S Jaishankar addressed the audience at an event hosted by Chatham House in collaboration with the High Commission of India in the UK and discussing India’s evolving role in global affairs.He participated in an insightful discussion with Bronwen Maddox, Director and Chief Executive of Chatham House. The conversation addressed India’s evolving foreign policy, regional...