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India to soon trade in rupee with UAE, Malaysia and Nigeria

India to soon trade in rupee with UAE, Malaysia and Nigeria
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New Delhi: After Russia, trade settlement in Indian rupee will soon be possible with the UAE, Malaysia and Nigeria. The rupee-dirham trade settlement is expected anytime soon as senior finance and bank officials from India are on a three-day trip to Abu Dhabi to finalise the details of the deal.

A report by Business Standard quoted sources saying India may also ink pacts with Malaysia, and Nigeria to facilitate settlement of international trade in local currencies by next month…

To read more: https://www.firstpost.com/world/india-to-soon-trade-in-rupee-with-uae-malaysia-and-nigeria-12198892.html

SOURCE: FIRST POST

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