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Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.

Zayed al nahyanAbu dhabiCentral bank to linkCentral bankBig pact betweenBank to linkCard paymentsPrime ministerIndia narendra modiSheikh mohamed bin zayed al nahyanReserve bankLocal currency settlement systemMessaging systemsFast payment systemsPayments interfaceInstant payment platform