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India backs away from creation of shared BRICS currency following Trump’s threats


India backs away from creation of shared BRICS currency following Trump’s threats
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Analysts say India has backed away from supporting the creation of a shared currency among BRICS members and is moving toward promoting trade with the Indian Rupee — developments that happened soon after U.S. President-elect Donald Trump threatened 100% tariffs on the economic bloc should it move toward replacing the dollar. Anjana Pasricha has more in this report.

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