India, UAE in talks for Rupee-Dirham bilateral trade; Modi’s bid to internationalize currency

India and the UAE are in talks to conduct bilateral trade in their denomination. The central banks of both countries are working on standard operating procedures and modalities to facilitate trade in rupees and dirhams. Indian Envoy to the UAE, Sunjay Sudhir, said that the objective is to reduce the transaction cost. Watch this video to learn more. #india #uae #denomination #rupee #dirham #bilateraltrade #trade #indianenvoytouae #sunjaysudhir #currency #internationalcurrency Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.