India, UAE mull options to curb foreign exchange rate risks on rupee trade

India is exploring a mechanism to hedge exchange rate risks in rupee-based trade with the UAE. A meeting between India and UAE representatives is scheduled for May to discuss settling payments for trade in rupees.

Mar 23, 2023 - 20:30
India, UAE mull options to curb foreign exchange rate risks on rupee trade
India is exploring a mechanism to hedge exchange rate risks in rupee-based trade with the UAE. A meeting between India and UAE representatives is scheduled for May to discuss settling payments for trade in rupees.