India-UAE to enable bilateral trade in local currencies

Sep 18, 2025

"Ongoing strategic initiatives between the Central Banks of India and the UAE to enable bilateral trade in local currencies, the integration of payment systems...

India, Tanzania working on agreement to expand bilateral trade using local currencies

Oct 09, 2023

Prime Minister Narendra Modi and Tanzanian President Samia Suluhu Hassan expressed desire to expand bilateral trade using local currencies.

India exploring trade in local currencies with Tanzania

Oct 09, 2023

India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs said on Monday,...

India, Mauritius join hands to trade in local currencies

Mar 18, 2025

The two leaders had agreed to facilitate trade settlements in local currencies--Indian Rupee and Mauritian Rupee--which would help derisk bilateral trade.

Process of expansion is based on consensus: MEA on Algeria's BRICS membership

Oct 09, 2024

India is also exploring avenues for trade in local currencies, promoting UPI to enhance cooperation with African nations.

India, UAE sign MoUs to promote use of local currencies for cross-border transactions

Jul 15, 2023

Prime Minister Narendra Modi said, "This is a very important aspect of India-UAE cooperation. It paves the way for enhanced economic collaboration and will...