July 16, 2023 1:53 PM

India, UAE sign MoU on linking of India's Unified Payments Interface with Instant Payment Platform of UAE; PM Modi says it will enhance economic collaboration

India and the UAE has signed three MoUs in banking and education sectors. The  MoUs in the banking sector pertain to the use of local currencies for cross-border transactions and cooperation for interlinking their payment and messaging systems. Under the MOU in the education sector,the Indian Institute of Technology Delhi will set up an IIT campus in Abu Dhabi. The MoU signed by the Governor of the Reserve Bank of India, Shaktikanta Das and the Governor of the Central Bank of UAE, Kha...