India and UAE agree on trade settlement in local currencies, linking Fast Payment Systems

india and the uae on saturday agreed to start trade settlement in their currencies and link the indian unified payments interface with the gulf country’s instant payment platform (ipp) as prime minister narendra modi held comprehensive talks with uae president sheikh mohamed bin zayed al nahyan here. in his remarks after meeting the uae president, modi said india-uae trade witnessed a 20 per cent increase since the signing of the comprehensive economic partnership agreement last year. pm modi said the agree

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