• About us
  • Contact us
  • Our team
  • Terms of Service
Saturday, August 9, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

No plans for de-dollarisation, focus is only on derisking trade: Das

Press Trust of india by Press Trust of india
December 6, 2024
in BUSINESS
A A
0
FacebookTwitterWhatsapp

Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said India does not have any plans to ‘de-dollarise’ its trade and is only looking at derisking it by other means.

He was responding to a question on US President-elect Donald Trump’s  threat that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar.

Related posts

India loves celebrating and recognising its diversity: Finance Minister Sitharaman

Sitharaman withdraws Income Tax Bill in Lok Sabha; new Bill to be introduced on Aug 11

August 8, 2025

Gold climbs Rs 800 to scale new record of Rs 1,03,420/10 g

August 8, 2025

“With regard to the de-dollarisation etc…so far as India is concerned,  there is no step which we have taken which specifically wants to de-dollarise,” Das told reporters at the central bank headquarters here.

On the BRICS currency, he mentioned that it is an idea floated by one of the members of the grouping, which includes Brazil, Russia, India, China and South Africa, but added that there has been no progress on it beyond some discussions.

He said BRICS countries are scattered across the globe and pointed out that contiguity has helped in the success of a single currency for the European Union.

Das said India’s attempts are limited at permitting vostro accounts and entering into agreements with two countries for settling trade transactions in local currency.

“That is basically to derisk our trade. Dependence on one currency can be problematic at times because of appreciation or depreciation. De-dollarisation is certainly not our objective, it is not on the table at all,” he said.

Previous Post

Govt contemplating to make hallmarking of gold bullion mandatory: Consumer Affairs Secy

Next Post

RBI keeps interest rates unchanged, cuts CRR as economy slows

Press Trust of india

Press Trust of india

Next Post
RBI holds meeting of Steering Sub Committee of J&K SLBC

RBI keeps interest rates unchanged, cuts CRR as economy slows

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.