India Rejects De-Dollarization, No Plans for BRICS Currency

External Affairs Minister S Jaishankar affirms India’s commitment to the US dollar amidst Trump’s tariff threats against BRICS nations.

External Affairs Minister S Jaishankar stated that India has no interest in weakening the US dollar, emphasizing the US as India's largest trade partner.
Jaishankar clarified that BRICS nations, including India, have no current proposal to establish a new currency to rival the dollar.
US President-elect Donald Trump threatened 100% tariffs on BRICS nations if they pursue de-dollarization or support an alternative currency.
Jaishankar highlighted the strong personal relationship between Prime Minister Narendra Modi and Donald Trump, attributing it to strengthened India-US ties.
He also addressed broader global issues, noting rising instability in West Asia and a shift toward negotiations in the Russia-Ukraine conflict.