Trade in local currencies: India may ink pacts with UAE, Nigeria, Malaysia

The move is aimed at reducing transaction costs for exporters and importers, a source said

Shreya Nandi | New Delhi
Last Updated at February 21, 2023 20:04 IST

Photo: Reuters

India may ink pacts with the United Arab Emirates (UAE), Malaysia, and Nigeria to facilitate settlement of international trade in local currencies as early as next month.

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