India, UAE Discuss Mechanism For Carrying Out Trade In National Currencies
NDTV
The two delegations also reviewed the status of the negotiations of the India-UAE Bilateral Investment Treaty.
India and the UAE have held discussions on creation of a mechanism for carrying out bilateral trade in national currencies, an official statement said today.
It was discussed during the 10th meeting of the UAE-India High Level Joint Task Force on Investments, held in Mumbai.
It was co-chaired by Piyush Goyal, Minister of Commerce and Industry, and Sheikh Hamed bin Zayed Al Nahyan, Member of the Executive Council of the Emirate of Abu Dhabi.
Referring to the ongoing discussions between Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates on Unified Payment Interface (UPI) as a common digital payments platform, both sides agreed to continue discussions, it said.
