Goa, Aug. 8 -- India has firmly ruled out supporting the creation of a common BRICS currency, reiterating its preference for settling international trade in national currencies instead of adopting a unified monetary system for the bloc.Commerce and Industry Minister Piyush Goyal made the government's position clear after the conclusion of the two-day BRICS Trade and Industry Ministers' Meeting in Jaipur on Friday. Addressing reporters, Goyal categorically stated that New Delhi does not support any proposal to introduce a common currency among BRICS nations.

"India is not in favour of a BRICS currency. We do not support the introduction of any such BRICS currency scheme; India opposes it," Goyal said.Instead, India continues to advocate t...