UAE and India are in talks to conduct bilateral trade in dirhams and rupees.

India and the UAE are in negotiations for a Rupee-Dirham-denominated bilateral trade . Both countries central banks are meeting .

New Delhi (India), November 25, 2022: According to Sunjay Sudhir, the Indian Ambassador to the UAE, the two countries are in negotiations for a Rupee-Dirham-denominated bilateral trade, and both countries believe it will be beneficial.India and the UAE have shared a research paper.Both countries' central banks are meeting.According to the Indian Ambassador to the UAE, the goal is to lower the transaction cost.

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