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Cryptopolitan
2023-12-28 22:51:49

UAE, India finalize oil trade with rupees instead of dollar

UAE, India finalize oil trade with rupees instead of dollar

India and the United Arab Emirates (UAE) have executed their first-ever oil trade using India’s rupee instead of the US dollar. This groundbreaking agreement reflects both countries’ commitment to abandon the dollar in bilateral transactions, marking a pivotal moment in the global financial landscape. This article delves into the details of this historic oil deal

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