Tag: Local Currency Trade
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India-UAE Local Currency Trade Enters Double Digits: How Rupee-Dirham Settlement Is Reducing Reliance on USD
India and the UAE are looking at yet another stride forward in their plans to enhance the usage of their currencies for trade. This was announced by Piyush Goyal, the country’s minister for commerce and industry, who recently pointed out that trade in rupees and dirhams between the two countries has crossed the double-digit mark. ...
