Another country that wants to engage in rupee trade with India.

Another country that wants to engage in rupee trade with India.

Both the UAE and India recently entered into a Free Trade Agreement.
Through this various goods are exchanged between the two countries without any import duty.
We import various products including crude oil from UAE.
A top official from the United Arab Emirates, who recently arrived in India, while meeting the media said that he wants to conduct trade with India for non-crude oil products in Indian rupees.
Many countries prefer to trade with India in Indian rupees as their foreign exchange reserves are very low.
India's closest trade partner, the UAE, is making this effort, which will also benefit India.

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