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Human Events
Human Events
18 Aug 2023
Thomas Stevenson


NextImg:India and UAE close first oil deal in rupees, not US dollar

This week India and the United Arab Emirates (UAE) closed their first deal ever without using the US dollar. The deal was made in rupees, India's main currency.  

On Monday the two countries settled on an oil trade for India's top refinery made the payment in rupees for a million barrels of oil.  

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