The Reserve Bank of India (RBI) has approved the use of national currencies for bilateral trade settlement between India and _____.
  • Tanzania
  • Kenya
  • Kapala
  • None of the Above
Answer- A
India and Tanzania have been granted approval by the Reserve Bank of India (RBI) to use their national currencies in bilateral trade settlements.

This decision is expected to reduce transaction costs and enhance the efficiency of cross-border trade, leading to greater trade volumes and increased economic cooperation between the two countries.