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India, Saudi Arabia discuss rupee-riyal trade

Photo : Saudi Arabia’s Crown Prince Mohammed bin Salman speaks at a meeting with Indian Prime Minister Narendra Modi as he looks on, at Hyderabad House in New Delhi, India, February 20, 2019.

The Indian government has said it has discussed the feasibility of institutionalising rupee-riyal trade with its South Arabian counterpart, reports Reuters.

Both governments reaffirmed cooperation in joint projects including a refinery in western India, LNG infrastructure investment and development of strategic petroleum storage facilities in India, the statement added.