India-Malaysia trade can now be settled in Indian rupee


KUALA LUMPUR, April 1 (Bernama): Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies, said the Indian High Commission to Malaysia.

This follows the decision by the Reserve Bank of India (India's Central Bank) in July 2022 to allow settlement of International trade in INR.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Trade , INR , Malaysia , India , New Mechanism

Next In Aseanplus News

Vietnam charges three jewellery shop owners in expanding diamond smuggling probe
Ticket gates using facial recognition technology debut at Tokyo train stations
‘Neither Gauri, Kiran nor Reena converted their religion’: Bollywood actor Aamir Khan breaks silence on ‘love jihad’ claims
Norway football star Haaland's Korean-made hair tie sold out
Sri Lanka launches major rooftop solar and grid Upgrade
Prabowo’s anti-graft drive tested as officials police their own
Nepal becomes key transit hub for watermelon seeds smuggling into India
Royal parade marks Brunei Sultan's 80th birthday
China’s durian boom lifts fortunes across Vietnam’s orchards
Oil prices rise as hostilities worsen in the Middle East

Others Also Read