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Trade with Malaysia could be settled in rupee: Indian foreign ministry

april 01, 2023by Reacties uitgeschakeld voor Trade with Malaysia could be settled in rupee: Indian foreign ministry

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NEW DELHI, April 1 (Xinhua) — India’s foreign ministry said Saturday that trade between New Delhi and Kuala Lumpur can now be settled in Indian rupee in addition to other currencies.

The development followed a decision by India’s central bank in July last year to allow settlement of international trade in Indian currency.

“Trade between India and Malaysia can now be settled in Indian rupee in addition to

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