![India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees](https://cdn.newsserve.net/ONPglobe256.png)
India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees
In the latest development in Asia’s push for de-dollarisation, India and the United Arab Emirates have agreed to ditch the dollar in favour of settling their bilateral trade in rupees. The move is part of India’s efforts to cut transaction costs by eliminating dollar conversions. The two countries…
#unitedarabemirates #narendramodi #uae #dedollarisation #jpmorganthey #reservebankofindia #rbi #upi #moscow #ukraine