US EditionDid India Move BRICS Nations To Trade In Local Currency? No, Claim is Misleading
Summary by The Quint
3 Articles
3 Articles
There is information circulating on social media that India has invited BRICS+ countries to trade in local currencies to avoid the US dollar. However, this information is false.
Fact Check: India Ditches US Dollar, Pushes BRICS Countries To Trade Only In Rupees? Here’s What We Learnt
Is India aiming to sideline the US dollar? Well, according to several articles and social media posts going viral, India has recently issued an official circular allowing BRICS nations to settle 100% of their trade transactions in Indian Rupees (INR). This move, analysts allegedly say, could accelerate the decline of the US dollar’s supremacy in international markets as this gives BRICS an edge in trade and skirts Trump’s controversial tariffs b…
Coverage Details
Total News Sources3
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
Factuality
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