New Delhi: India on Thursday dismissed claims that it was chasing de-deletion within the BRICS, saying that such a move is “not part of India’s financial agenda.”“We have made our position very clear on this issue earlier also. D-derivarian is not part of India’s financial agenda, ”Mea spokesperson Randhir Jaywal said in a weekly media briefing. His comment followed Brazilian President Luiz Enecio Lula Da Silva’s suggestion that BRICS could detect a business currency amid growing tension with the United States on the nation tariff.In detail the idea, Lula said it should be tested. “We can discuss in the BRICS. There is a need to be a business currency between us and the BRICS. I do not reject it because we should test; If the test fails, I would be wrong. But someone has to convince me that I am wrong, ”PTI told Russia today.This comment comes amidst increasing trade friction with the US. Last week, US President Donald Trump imposed an additional 25 percent tariff on Indian goods, taking India’s total duties on the continuous purchase of Russian crude oil. He also announced a 50 percent tariff on imports from Brazil last month and criticized the testing of former Brazilian President Jair Bolsono.On Lula’s upcoming visit to India, Jaiswal said, “We went to Rio to attend the BRICS summit. We also paid a state trip to Bascilia. And at that time, the Prime Minister, as common in bilateral relations, invited President Lula to visit India at a reasonable time.”India has emphasized that it will engage on shared interests with BRICS countries, protecting its economic and strategic priorities. “India is a member of the BRICS group, and we are in touch with the member countries to discuss issues of shared interest,” Jaswal said.External Affairs Minister K Jaishankar clarified that India has not actively moved to reduce its dependence on the US dollar. Instead, the meditation parts are diversified, the discovery of alternative payment systems, and by reducing dependence on single currency, is on “derising” trading.India has also signed agreements to dispose of trades in local currencies with countries including Russia, UAE and Maldives to reduce the risks of currency conversion and exchange rates. The country opposes a general BRICS currency with China and other members due to geographical differences and limited economic integration.
