Tuesday, 30 May, 2023

India, Malaysia can now trade in Indian rupee

  • Sun Online Desk
  • 2nd April, 2023 12:32:59 PM
  • Print news

India and Malaysia can now use the Indian rupee to settle trade in addition to other currencies, the Ministry of External Affairs (MEA) said on Saturday, PTI reported.

The move follows the decision by the Reserve Bank of India in July last year to allow settlement of international trade in Indian currency.

"Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies," the MEA said.