local_currency_trade

📰 India-UAE Local Currency Trade Enters Double Digits: How Rupee-Dirham Settlement Is Reducing Reliance on USD
Source : India Observers
description: 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. The move is significant considering that the majority of the international trade used to take place through the medium of USD. In the context of the India-UAE local currency settlement scheme, trade in rupees and dirhams has become more feasible for businesses. But it doesn’t […]
Time : 2026-10-01 15:20:57
Credit : mehak
Link : https://indiaobservers.com/india-uae-rupee-dirham-trade-growth/
#business #local_currency_trade #india-uae_trade
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