Tag: local currency trade
Posted in Economy
India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiatives
Colombo: India and Sri Lanka have discussed ways to enhance trade settlement in local currencies to reduce transaction costs and insulate the bilateral trade from…
Posted in Economy
India, UAE step up efforts to expand re-dirham trade
More than 15% of the India-UAE trade has been invoiced in local currencies since the formalisation of the rupee-dirham mechanism nearly three years ago, India’s…