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PM Modi's UAE visit concludes with inking of MoUs for financial payments, education

Prime Minister Narendra Modi concluded his three-day visit to France and the United Arab Emirates. ....

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India, UAE sign agreements to settle trade in rupees

The MoU on using national currencies will put in place a Local Currency Settlement System (LCSS) to promote the use of the rupee and dirham. The agreement covers all current account transactions and permitted capital account transactions | Latest News India ....

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MoU for financial payments signed by PM Modi in UAE -

PM Modi signed three momentous Memoranda of Understanding (MoU) while his visit to UAE. ....

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India, UAE to promote local currencies for cross-border transactions

RBI and Central Bank of the United Arab Emirates (UAE) signed two MoUs for the use of local currencies for cross-border transactions. ....

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rbi: India, UAE sign MoUs for promoting local currencies in cross-border trade

The Reserve Bank of India and the Central Bank of UAE (CBUAE) have signed two Memorandum of Understanding (MoU) to boost local currency use for cross-border transactions and to link their payment and messaging systems. A Local Currency Settlement System (LCSS) is aimed to be put in place to develop an INR-AED forex market. India s UPI and UAE s IPP will be linked to facilitate fast, convenient, safe, and cost-effective cross-border funds transfers. ....

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