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Answer : 2. "United Arab Emirates"
To which country has India fixed its first crude oil payment in local currency?
5Q:
To which country has India fixed its first crude oil payment in local currency?
- 1Iraqfalse
- 2United Arab Emiratestrue
- 3Iranfalse
- 4Kuwaitfalse
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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.