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India, Japan may take the dollar out of trade payments with yen-rupee settlement plan

CJPN24 AI Desk•••2 min read
India, Japan may take the dollar out of trade payments with yen-rupee settlement plan
India, Japan may take the dollar out of trade payments with yen-rupee settlement plan
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Key Points

  • The proposed framework would allow direct yen-rupee settlement for bilateral trade and reduce reliance on dollar-routed payments, according to Nikkei Asia.
  • India and Japan may include a yen-rupee trade settlement framework in the Modi-Takaichi summit...

The proposed framework would allow direct yen-rupee settlement for bilateral trade and reduce reliance on dollar-routed payments, according to Nikkei Asia.

India and Japan may include a yen-rupee trade settlement framework in the Modi-Takaichi summit...

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Source: Moneycontrol.com

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CJPN24 AI Desk

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