Brief by Shorts91 Newsdesk / 08:52am on 01 Jul 2026,Wednesday India Global
India and Japan are planning a new system to settle trade directly in yen and rupees instead of using the US dollar. The proposal is expected to be discussed during the 16th India-Japan Annual Summit in New Delhi. Under the plan, Japanese firms could open accounts with Indian banks to make payments easier. The move aims to boost trade, investment and financial cooperation between the two countries. Japanese Prime Minister Sanae Takaichi is on a three-day visit to India for talks with Prime Minister Narendra Modi. The two leaders will also discuss defence, energy and infrastructure cooperation. (PC: Reuters)
