India And UAE Make History With Rupee-priced Oil Deal, Shaping The Future Of Global Trade &#8211; ARAB TIMES

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<img fetchpriority="high" decoding="async" width="724" height="408" data-attachment-id="202926" src="https://www.arabtimesonline.com/news/india-and-uae-make-history-with-rupee-priced-oil-deal-shaping-the-future-of-global-trade/capture-37/" data-orig-file="https://i0.wp.com/www.arabtimesonline.com/news/wp-content/uploads/2023/12/Capture-15.png?fit=724%2C408&ssl=1" data-orig-size="724,408" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="Capture" data-image-description="" data-image-caption="" data-medium-file="https://i0.wp.com/www.arabtimesonline.com/news/wp-content/uploads/2023/12/Capture-15.png?fit=300%2C169&ssl=1" data-large-file="https://i0.wp.com/www.arabtimesonline.com/news/wp-content/uploads/2023/12/Capture-15.png?fit=724%2C408&ssl=1" alt="" class="wp-image-202926" srcset="https://i0.wp.com/www.arabtimesonline.com/news/wp-content/uploads/2023/12/Capture-15.png?w=724&ssl=1 724w, https://i0.wp.com/www.arabtimesonline.com/news/wp-content/uploads/2023/12/Capture-15.png?resize=300%2C169&ssl=1 300w, https://i0.wp.com/www.arabtimesonline.com/news/wp-content/uploads/2023/12/Capture-15.png?resize=390%2C220&ssl=1 390w" sizes="(max-width: 724px) 100vw, 724px" data-recalc-dims="1" data-pagespeed-url-hash="1472770093" onload="pagespeed.CriticalImages.checkImageForCriticality(this);"/> A refinery run by the Indian Oil Corporation in Haldia, West Bengal. In the financial year 2022-23, India spent $157.5 billion on importing 232.7 million tonnes of crude oil. — AFP

NEW DELHI, Dec 27: In a groundbreaking development, India, the UAE’s second-largest trading partner, has initiated its inaugural payment in rupees for the purchase of crude oil from the Emirates. This move signals a potential shift in global trade transactions away from the...

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India And UAE Make History With Rupee-priced Oil Deal, Shaping The Future Of Global Trade – ARAB TIMES

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India And UAE Make History With Rupee-priced Oil Deal, Shaping The Future Of Global Trade – ARAB TIMES

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