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India prepared for forex with nations experiencing currency crises: Commerce Secretary

Commerce Secretary Sunil Barthwal on Friday said India is ready to trade in Indan Rupee with countries which are facing currency failure or have dollar shortage.

Speaking after the unveiling of Foreign Trade Policy (FTP) 2023 which seeks to increase India’s exports to USD 2 trillion by 2030, the secretary also said the government is focusing on strengthening the rupee payment system.

Changes have been made in the FTP to allow international trade settlement in Indian Rupee with a view to making INR a global currency.

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