
03
Jan
UAE accepts "First" payment in Indian Rupees
UAE accepts "First" payment in Indian Rupees GS-3: Indian Economy (UPSC/State PSC) Why in news: Recently, UAE based Abu Dhabi National Oil Company (ADNOC) has approved the payment for one million barrels of crude oil purchased by Indian Oil Corporation (IOC) in Indian Rupees for the first time. This is being seen as an important step towards the internationalization of...
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