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The Economic Times

Economy / The Economic Times

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Rupee, dirham and UPI: India, UAE push cross-border trade without friction

India and the UAE are working towards enhancing bilateral trade by adopting local currency transactions and payment system integration. The two countries aim to reduce transaction costs, improve payment access, and settle international trade using Indian rupees and UAE dirhams. Various sectors, including energy and technology, will see increased investment opportunities as a result of these initiatives.

28 Sep 2026 5:54 pm