India ties up with UAE to settle trade in rupees

NEW DELHI (Reuters) – India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts to cut transaction costs by eliminating dollar conversions. Read full story

Source : https://www.thestar.com.my/news/world/2023/07/15/india-ties-up-with-uae-to-settle-trade-in-rupees