![ABU DHABI, UNITED ARAB EMIRATES - June 21, 2008: India rupees with United Arab Emirates dirhams shot in studio.
( Ryan Carter / The National )
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The first crude oil transaction under the local currency settlement was made using Indian rupees and dirhams. Ryan Carter / The National
The first crude oil transaction under the local currency settlement was made using Indian rupees and dirhams. Ryan Carter / The National
India has started buying UAE oil with rupees - here's what it means
The first crude oil transaction under the system took place between Adnoc and the Indian Oil Corporation