India in talks with Indonesia to settle bilateral trade in local currencies ...News

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India in talks with Indonesia to settle bilateral trade in local currencies
The countries are exploring the use of rupees for cross border transactions and linking their fast payment systems A day after New Delhi announced that it will set up a framework to settle bilateral trade with the UAE, one of its largest trading partners, in rupees and dirhams and interlink their fast payment systems, it has proposed a similar move to Indonesia, according to Indian media reports. Talks were held on Sunday at a meeting between Indian Finance Minister Nirmala Sitharaman and her Indonesian counterpart, Mulyani Indrawati, on the sidelines of the third G20 Finance Ministers and Central Bank Governors m

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