KUALA LUMPUR, 1st April Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies, said the Indian High Commission to Malaysia.
This follows the Reserve Bank of India (India’s Central Bank) decision in July 2022 to allow international trade settlement in INR.
“This initiative by the Reserve Bank of India is aimed at facilitating the growth of global trade and supporting the interests of the global trading community in the Indian Rupee (INR).
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