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.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 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

Dead dugong spotted at Singapore's Bedok Jetty; first recorded sighting since 2021
China issues yellow rainstorm warning and orange mountain torrent alerts
North Korea nuclear programme 'absolutely non-negotiable': leader's sister
Ballot shortage sparks protest
Prosecutors office to hold internal probe after rape claim
Hotel chain cites US sanctions, confirms exit from Cuba
Surviving on chocolate and ice
Cockroach revolt over exam chaos
Worker: ‘Chained’ patient was among fire victims
Cave rescue for two halted

Others Also Read