RBI signs pact with Bank Indonesia - Qoneqt
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    Abhishek Yadav in India

    08 Mar 08:00 AM


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    RBI signs pact with Bank Indonesia

    RBI and Bank Indonesia signed an MoU to promote the use of local currencies, Indian rupee and Indonesian rupiah, optimizing costs, settlement time, bilateral cooperation, developing an INR-IDR foreign exchange market, and establishing a framework for cross-border transactions.