In May 2024, India agreed with which country to work towards an early conclusion of the Local Currency Settlement System Agreement for enabling trade in domestic currencies?

Correct option is B

In May 2024, India and Nigeria agreed to expedite the Local Currency Settlement System Agreement to facilitate trade in their respective domestic currencies.
Details-
· Purpose: The agreement enables trade transactions and settlement of capital and current account transactions using local currencies.
· Additional Discussions: Both countries also explored cooperation in the United Payments Interface (UPI) system at the Joint Trade Committee (JTC) meeting held in Abuja, Nigeria.