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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 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

Man charged over trafficking almost 2,000 Kpods into Singapore; he was caught with four-month old in car
73 South Korean scam crime suspects detained in Cambodia to be forcibly returned home
Death toll in Pakistan mall fire rises to at least 55
K-pop star Cha Eun-woo suspected of evading RM55mil in taxes
Main Opposition party rep stops hunger strike after former South Korean President Park Geun-hye’s visit
Endangered freshwater turtle found at Singapore's Changi Beach
India's National Green Tribunal seeks accountability after techie’s death in waterlogged Noida site, flags environmental lapses
China son invites violinist to play for terminally ill mum in hospital to give her strength
SRC lawsuit: Najib concedes RM42mil was not Saudi donation
MACC targets to recover RM10bil in lost revenue, says Azam

Others Also Read