India not pursuing shared BRICS currency, analysts say

FILE - Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi, May 24, 2024. India, which adopted a policy in 2023 to support using the rupee more frequently for foreign trade, is not supporting a shared BRICS currency, analysts say.

India is not pursuing the creation of a shared BRICS currency, an idea that has met with a strong verbal pushback from incoming U.S. President Donald Trump, but the South Asian giant is making efforts to promote trade in its local currency, according to analysts in New Delhi.