Published 1 year ago

India, UAE central banks discuss rupee-dirham trade prospects -official

Summary by Ground News

India and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies.Rupee-dirham trade will help reduce transactional costs, India's ambassador to UAE says. India signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE earlier this year.

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Times of India

India, UAE central banks discuss rupee, dirham trade

India's Ambassador to the UAE Sunjay Sudhir said that the concept paper for trade in local currencies was shared by India. The central banks of both the countries will discuss the standard operating procedures and modalities, he told reporters. The objective of the exercise is to reduce the cost of transactions, he added.

1 year ago·India

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Reuters

India, UAE central banks discuss rupee-dirham trade prospects -official

By Shivangi Acharya NEW DELHI - The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies, India's ambassador to UAE, Sunjay Sudhir, said on Friday. Rupee-dirham trade will help reduce transactional costs, Sudhir told reporters in New Delhi, as the two countries look to boost trade on a free trade pact.

1 year ago·United Kingdom

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Hindustan Times

India, UAE in talks for Rupee-Dirham bilateral trade; Modi’s bid to internationalize currency

India and the UAE are in talks to conduct bilateral trade in their denomination. The central banks of both countries are working on standard operating procedures and modalities to facilitate trade in rupees and dirhams. Indian Envoy to the UAE, Sunjay Sudhir, said that the objective is to reduce the transaction cost. Watch this video to learn more. #india #uae #denomination #rupee #dirham #bilateraltrade #trade #indianenvoytouae #sunjaysudhir #c…

1 year ago·New Delhi, India

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Indian Express

India, UAE central banks discuss rupee, dirham trade

India's Ambassador to the UAE Sunjay Sudhir said that the concept paper for trade in local currencies was shared by India.

1 year ago·India

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India, UAE Central Banks Discuss Rupee, Dirham Trade

The central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a view to reduce transaction cost, a top official said on Friday.India's Ambassador to the UAE Sunjay Sudhir said that the concept paper for trade in local currencies was shared by India.The central banks of both the countries will discuss the standard operating procedures and modalities, he told reporters here.The objective of…

1 year ago

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