India not pursuing alternative to US dollar for global trade: CEA

New Delhi: Chief economic adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. "No, certainly not. I think India is not part of any such initiative," he said in response to a question if India is looking at an alternative currency to the US dollar for global trade. Although last year, at the BRICS Summit held in Oct in Kazan, Russia, India and other BRICS nations had had agreed for creation of a special BRICS currency. agencies