Foreign Secretary Vinay Kwatra said on Thursday that discussions on trade settlements in national currency have been very positive within the BRICS framework.
The focus of the 15th BRICS Summit is on trade within the national currency as common currency discussions have several prerequisites, Foreign Secretary Vinay Kwatra said on Monday.
According to the report, to understand how India has performed in terms of cost of living, in a common currency, the cost of living in India was compared with US, UK and Germany by adjusting each country's exchange rate (dollar, euro and pound in case).