Rupee, dirham and UPI: India, UAE push cross-border trade without friction

Rupee, dirham and UPI: India, UAE push cross-border trade without friction

India and the UAE are working towards enhancing bilateral trade by adopting local currency transactions and payment system integration. The two countries aim to reduce transaction costs, improve payment access, and settle international trade using Indian rupees and UAE dirhams. Various sectors, including energy and technology, will see increased investment opportunities as a result of these initiatives.

India, UAE to step up local currency trade, payment system integration; aim $200 bn trade by '32 - OrissaPOST

Mumbai: India and the UAE Monday agreed to take steps for the timely implementation of initiatives relating to settlement of trade in local currencies, integration of payment and messaging systems, and central-bank digital currencies, as both sides aim to increase the two-way commerce to USD 200 billion by 2032. These initiatives have the potential to […]

India, UAE agree to implement initiatives for trade in local currency; Aim to boost bilateral trade to 200 billion dollars by 2032 - Press Network of India

Bilateral trade between India and UAE reached 101.25 billion dollars in the financial year 2025-26, while non-oil trade stood at 76.2 billion dollars in 2025. The two sides are working towards their shared target of 200 billion dollars in bilateral trade by 2032. The Joint Task Force reviewed progress on several investment projects, including a […]