 "Trade")
The central banks of India and the United Arab Emirates (UAE) are discussing the creation of a mechanism to engage in bilateral trade in local currencies, in order to reduce transaction costs for exporters and importers, India’s ambassador to UAE, Sunjay Sudhir, said on Friday.
“India has prepared a concept paper (regarding rupee-dirham trade) and has shared it with the UAE. UAE’s central bank has already designated a nodal person for this. The discussion is
“India has prepared a concept paper (regarding rupee-dirham trade) and has shared it with the UAE. UAE’s central bank has already designated a nodal person for this. The discussion is
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