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      Question

      What is the purpose of the agreement signed between the

      Reserve Bank of India (RBI) and the Bank of Mauritius during the Prime Minister's visit to Mauritius?
      A Currency swap between USD and INR Correct Answer Incorrect Answer
      B Establishment of a credit line for infrastructure Correct Answer Incorrect Answer
      C Promotion of local currencies INR/MUR for cross-border transactions Correct Answer Incorrect Answer
      D Launch of digital currency in both countries Correct Answer Incorrect Answer
      E Bilateral investment framework in fintech Correct Answer Incorrect Answer

      Solution

      During the Prime MinisterтАЩs visit to Mauritius, the RBI and the Bank of Mauritius signed an agreement to establish a framework promoting the use of local currenciesтАФIndian Rupee (INR) and Mauritian Rupee (MUR)тАФfor cross-border transactions. This will facilitate trade and financial cooperation between the two countries.

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