India-UAE to formalise rupee-dirham trade; to double non-crude trade to $100 bn
The RBI and the Central Bank of UAE are also in discussion for other payment tools to make it a part of the UAE-India framework in the coming months.
The RBI and the Central Bank of UAE are also in discussion for other payment tools to make it a part of the UAE-India framework in the coming months.
Experts warn that India's concessions to UAE may make future trade negotiations tougher.