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The Economic Times

Economy / The Economic Times

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India, Kenya discuss possibility of trade settlement in local currencies

India and Kenya are exploring trade settlements in their own currencies. Discussions also covered digital payment systems like UPI. A joint trade committee meeting in Nairobi focused on boosting bilateral commerce. An agreement was signed to exchange customs information. Bilateral trade saw a significant increase in the last fiscal year.

29 Apr 2026 5:32 pm