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Beyond De-Dollarisation: How Bharat–Japan Trade Could Build Financial Resilience
The proposed rupee-yen settlement framework is better understood as a practical effort to improve Bharat–Japan trade than as an attack on the US dollar. Direct local currency settlement could reduce conversion costs, shorten payment chains and help firms manage exchange-rate exposure, but only if the market offers sufficient liquidity and affordable hedging. The dollar remains…
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Jaishankar affirms India’s growing global role, says “This is an India that is more Bharat”
External Affairs Minister S Jaishankar highlights India’s evolving role on the global stage, emphasizing the nation’s fusion of traditional values with modern advancements. Reflecting on India’s progress, from cashless payments to lunar missions, he underscores the country’s strides in women’s empowerment and inclusive growth. Jaishankar emphasizes India’s diplomatic initiatives, navigating complex global scenarios like the…