India's Reserve Bank of India (RBI) Governor, Shaktikanta Das, has stated that India is not pursuing de-dollarisation, despite concerns raised by potential tariffs on BRICS nations. Das emphasized that India's actions are focused on mitigating risks in domestic trade rather than undermining the dollar's status as the world's reserve currency.

India has taken steps such as allowing the opening of VOSTRO accounts and establishing agreements with two countries for local-currency trade to reduce dependence on a single currency. The RBI governor reiterated that de-dollarisation is not currently being considered by India.