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Brazil, South Africa next in India's bilateral currency settlement plan

Brazil, South Africa next in India's bilateral currency settlement plan

Aug 09, 2023, at 03:26 am

After agreements with United Arab Emirates (UAE) and Indonesia, India is considering the possibility of establishing bilateral agreements with important partners in Latin America and Africa to bolster trade using local currencies, thereby contributing to the broader goal of internationalizing the Indian rupee, Moneycontrol reported.