Indian Rupee can be traded between India and Malaysia

Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies.
Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies followed by the Reserve Bank of India statement in July 2022 to allow the settlement of international trade in Indian Rupee (INR). This initiative by RBI is aimed at facilitating the growth of global trade and supporting the interests of the global trading community in Indian Rupee (INR).