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India to discuss rupee-denominated trade with BRICS member Russia in a high-level delegation meeting in Moscow next week. The talks are scheduled for August 20-21, and India seeks to bolster the rupee amid Trump’s tariffs and trade wars. Prime Minister Narendra Modi’s administration is taking a series of bold steps to protect the nation’s economy from the tariffs. BRICS member India will lead the talks with Russia, asking them to settle cross-border transactions in the rupee. New policy deals could be drafted after the meeting, where the USD takes the back seat in trade and transactions. If the deal goes through, it would be a boost in the arm for India as it would internationalize the rupee. Also Read: 3 European Countries Aspire To Join BRICS In addition, a senior officer told Bloomberg on the condition of anonymity that BRICS member India will discuss a free trade agreement highlighting the rupee with Eurasian Economic Union (EAEU) countries during the Russia visit....

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