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Another step towards de-dollarisation: India-UAE to transact in local currencies

India is slowly slipping out of the sphere of dollar dominated international economy by initiating a kind of parallel economy - country to country direct

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India inks deal with UAE to settle trade in rupees

India inks deal with UAE to settle trade in rupees
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In presence of UAE President and Indian PM, CBUAE and RBI sign two MoUs to strengthen use of national currencies for bilateral trade, link payment and financial messaging systems

In presence of UAE President and Indian PM, CBUAE and RBI sign two MoUs to strengthen use of national currencies for bilateral trade, link payment and financial messaging systems
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