India to discourage foreign trade settlement in Chinese yuan
Edited By WION Video Desk
Published: Mar 14, 2023, 05:05 IST | Updated: Mar 14, 2023, 05:05 IST
Two banking officials, aware of the matter, said the Reserve Bank of India (RBI) is not keen on foreign trade settlement in yuan, and confirmed that the government has discouraged them from using the currency. They also said Russia was keen on yuan settlement as it helps them in purchases of goods from China.
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