In what could be a "very game-changing" development for India's trade with the world, many economies big and small have expressed willingness to start trading in rupee with India, Commerce and Industry Minister Piyush Goyal said on March 11. Some of these countries include neighbours like Bangladesh and Sri Lanka as well as nations from the Gulf, the minister said. While Bangladesh and Sri Lanka are keen for us to start immediately, countries in the Gulf region are also seriously looking at the possibility, Goyal informed. At some point, more and more developed countries and countries in the Far East will also join the bandwagon, he said, adding that Singapore is already on board to some extent. More and more countries are realising the advantages of trading in their own domestic currencies and a shift towards direct transactions between local currencies is gaining traction. (ICE NEW DELHI)

Fonte notizia: The Indian Express