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UAE and India are in talks to conduct bilateral trade in dirhams and rupees.

Economics

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  • A proposed trading system in the Indian rupee and UAE dirham is being discussed by the central banks of India and the United Arab Emirates (UAE).
  • India’s ambassador to the UAE, Sunjay Sudhir, stated on Friday. ” This benefits both countries. India and the UAE have exchanged concept papers… The goal is to lower transaction costs, “said Sudhir.

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