Question
The Reserve Bank of India (RBI) signed an agreement with
Indonesia’s central bank to promote cross-border local currency transactions. This agreement is India’s _____ such local currency trade agreement.Solution
The agreement between the RBI and Indonesia’s central bank is India’s second local currency trade agreement, following a similar agreement with the UAE. This agreement aims to promote the use of the Indian Rupee (INR) and the Indonesian Rupiah (IDR) in cross-border transactions between the two countries.
More Financial System Questions
What will come in place of the question mark (?) in the following series?
144, ?, 154, 114, 194, 34
- 741, 852, 1074, 1407, ?
500, 400, 315, 245, ?, 150
What will come in place of the question mark (?) in the following series?
2, 5, 14, 41, 122, 365, ?
- What will come in place of (?) in the given number series.
121, 100, 81, 64, ?, 36 8 12 30 105 ? 2598.75
...- What will come in place of the question mark (?) in the following series?
29, 32, 41, 68, ?, 392 92, 88, 79, ?, 38, 2
4, 10, 19, 30, 43, ?
63, 74, ?, 129, 173, 228
Relevant for Exams:
