Union Finance Minister Nirmala Sitharaman addressed Mindmine Summit 2022, and said many countries have evinced interest for bilateral trade in the rupee. The announcement and interest came after the RBI announced a mechanism recently. "It isn't the rouble-rupee which was in the old format. Now this (bilateral rupee trade) formulation, which I am glad the RBI has come up at a time which was so critical," said Nirmala Sitharaman.
Courtesy: Press Trust of India
The US government has stated that both the United States and India will strive to settle outstanding trade concerns and improve the bi-lateral trade relationship. US Trade Representative Katherine Tai and her Indian counterpart Commerce Minister Piyush Goyal, through a call on March 26, "committed to strengthening cooperation on shared objectives and to revitalise engagement through the US-India Trade Policy Forum". Reportedly, Tai and Goyal… read-more