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MUMBAI/NEW DELHI, Aug 21 (Reuters) - India's central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee ...

The Indian rupee's steep fall against the dirham has stirred mixed emotions among expatriates in the UAE. While families back home gain more rupees per dirham sent, remitters themselves are showing ...

The Reserve Bank of India is taking steps to make trade settlements in rupees easier for its partners, aiming to strengthen ...

Imports from India will become cheaper as the UAE dirham has strengthened against the rupee in recent months, helping to reduce inflation, according to analysts and retailers. The Indian rupee hit an ...

India's central bank is asking lenders to promote local currencies when trading with the UAE, Reuters reported. The idea is to reduce the outflow of US dollars and help globalize the rupee. It comes ...

India’s central bank is taking active steps to allow free-trade partners to settle transactions with it more easily in the ...

India Promotes Rupee in Global Trade to Boost Currency - RBI is enabling direct rupee settlements with key trade partners, ...

NEW DELHI, July 14 (Reuters) - India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi's visit to ...

NEW DELHI, Nov 25 (Reuters) - The central banks of India and the United Arab Emirates are discussing a potential mechanism to trade in their respective local currencies, India's ambassador to UAE, ...