Start learning 50% faster. Sign in now
The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two Memoranda of Understandings (MoUs) to establish a framework to promote settle bilateral trade in respective local currencies, that Indian Rupee and UAE Dirham (AED) and interlinking payments and messaging system. · The first MoU, which established a framework for the use of local currencies for transactions between India and UAE, aims to put in place a Local Currency Settlement System (LCSS) to promote the use of INR and AED bilaterally. o The MoU covers all current account transactions and permitted capital account transactions. The creation of the LCSS would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-AED foreign exchange market. o This arrangement would also promote investments and remittances between the two countries. Use of local currencies would optimise transaction costs and settlement time for transactions, including for remittances from Indians residing in UAE.
(a) All the family members ____________ minor injuries in the accident.
(b) A cup of coffee will not be helpful enough to __________ you until lu...
Fill in the blanks with appropriate words from the alternatives given below each sentence.
We have nothing to do but ____ for her.
Fill in the blank with the most appropriate word.
The chairman ______ the members to be restrained during the board meeting.
Fill in the blanks with appropriate forms of modals from the alternatives given below each sentence.
You _____ come and have dinner with me. ...
Fill in the blanks with the appropriate option given below:
Theatre lovers in England never forget _____Globe, and in 1970, ___ decision was...
(A) The artist’s __________ was evident in the beautiful and intricate details of the sculpture.
(B) The project was completed with great _____...
Select the option that completes the sentence CORRECTLY.
The plan________is quite sound but I don’t like the way it is being implemented.
In the following questions, each sentence has two blanks. Choose the appropriate set of words for the blanks that best fits in the context of the sente...
IndiGo has a market ……….. of around 40% and has 133 planes in its …………… - all of …&h...