India and Myanmar discuss using local currencies for bilateral trade enhancement.

India and Myanmar are discussing enhancing bilateral trade by using their local currencies, the rupee and kyat, to lower transaction costs. This initiative, led by India's Commerce Minister Piyush Goyal, focuses on cooperation in sectors such as lentils, diesel, gasoline, and electric vehicles. The move aligns with India's broader strategy to increase local currency trading with various countries, including the UAE and African nations.

September 21, 2024
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