Trading in Indian rupees will strengthen ties between India and South Africa and promote trade relationships: CII-IBF (SA) President
Settling of trade in Indian rupees will not only eliminate the need for a third currency, such as the US dollar or Euro it will result in lower transaction cost and reduce currency exchange risks, Tripathi said.He said it will also create new avenues for investment and trade between the two countries and it will promote the use of local currencies which will benefit both countries economies.Tripathi said settling trade in Indian rupees would also create new opportunities for businesses in South...
Source: devdiscourse.com