News for INR/AED (INRAED)

The acquisition allows clients to compliantly make payments to third parties, pay bills, and pay employees with a one-click on/off ramp feature.

Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.

Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources

The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee's global reach, three banking sources said.

Just one year into its implementation, the UAE-India CEPA is paying dividends for both countries

India’s policymakers are positioning the INR as an alternative currency for international transactions. They are using two strategies to further this cause

KEY POINTS The RBI and the Central Bank of UAE signed two MoUs to promote using INR and the AED for bilateral trade The agreement is expected to ease financial...

These agreements focus on promoting the use of local currencies for cross-border transactions and integrating their payment systems, specifically the Unified Payments Interface (UPI) with the Instant Payment Platform (IPP) of UAE, , Reserve Bank of India (RBI), Central Bank of UAE, United Payment Interface (UPI), Modi UAE Visit

India and UAE signed three crucial memorandum of understanding to further bilateral trade and economic partnership during PM Modi's visit