India, Japan eye direct yen-rupee trade settlement to cut reliance on US dollar: Report
India and Japan are set to advance plans for a local-currency settlement framework that would allow direct yen-rupee transactions for bilateral trade and reduce reliance on the US dollar, according to a Nikkei Asia report ahead of Japanese Prime Minister Sanae Takaichi’s visit to New Delhi today. The proposal might…
bubmagJuly 1, 2026