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317

Q:

To which country has India fixed its first crude oil payment in local currency?

  • 1
    Iraq
  • 2
    United Arab Emirates
  • 3
    Iran
  • 4
    Kuwait
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Answer : 2. "United Arab Emirates"
Explanation :

In an effort to boost bilateral trade and reduce dependence on the US dollar, India has made its first crude oil payment to the United Arab Emirates (UAE) in local currency.

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