https://www.taxtmi.com/news?id=55264 India's International Currency Policy remains anchored to the US dollar: the Chief Economic Adviser stated India is not pursuing any proposal to replace the US dollar for global trade, notwithstanding prior BRICS discussions on local currency settlements and a special BRICS currency. Central banks continue to diversify foreign exchange reserve portfolios, with the Reserve Bank increasing gold allocations, and the government welcomes use of local currencies among BRICS partners for transactional purposes while recognizing no presently viable alternative to the dollar. en-us Wed, 10 Sep 2025 19:46:04 +0530 Wed, 10 Sep 2025 19:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=55264 India's International Currency Policy remains anchored to the US dollar: the Chief Economic Adviser stated India is not pursuing any proposal to replace the US dollar for global trade, notwithstanding prior BRICS discussions on local currency settlements and a special BRICS currency. Central banks continue to diversify foreign exchange reserve portfolios, with the Reserve Bank increasing gold allocations, and the government welcomes use of local currencies among BRICS partners for transactional purposes while recognizing no presently viable alternative to the dollar. News - Wed, 10 Sep 2025 19:46:04 +0530 https://www.taxtmi.com/news?id=55264