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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.
India and the UAE exchange a Memorandum of Understanding to establish a branch of the IIT Delhi in Abu Dhabi.
Modi said the agreement signed for trade settlement in the currencies of the two countries shows the strong economic cooperation and mutual trust between the two nations
Prime Minister Narendra Modi on Saturday held talks with UAE President Sheikh Mohamed bin Zayed Al Nahyan, who received him at the airport on his arrival from France.In a tweet, the PMO said: "Prime Minister Modi had a wonderful meeting ...
The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two MoUs today in Abu Dhabi for (i) establishing a Framework to Promote the Use of Local Currencies