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Key Points

4 points
1

India pushes rupee‑based trade settlements.

2

Goal: help countries with limited access to strong foreign currencies.

3

Discussion took place at the International Monetary Fund and World Bank meeting.

4

India is reviewing its trade agreement with the Association of Southeast Asian Nations for balance.

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Summary

The move is intended to keep essential imports flowing even when international currencies are scarce due to economic difficulties.

She discussed the plan during the International Monetary Fund and World Bank Annual Meetings in Bangkok, noting that existing trade agreements are being reviewed for fairness.

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New Words to Learn

7 words
rupee
the official money of India
settlement
the process of completing a payment in a trade deal
hard currency
widely accepted foreign money such as US dollars or euros
geopolitical tensions
conflicts or disagreements between countries that affect trade
balance of payments crisis
when a country struggles to pay for its imports because of limited foreign money
bilateral trade agreement
a deal between two countries about buying and selling goods
multilateral development institutions
big international groups that help many countries with money and projects
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