November 05, 2024 16:07 (IST)
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RBI, Bank Indonesia sign MoU to promote local currencies for bilateral transactions

RBI, Bank Indonesia sign MoU to promote local currencies for bilateral transactions

New Delhi: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies for cross-border transactions.