India And Myanmar Strengthen Trade Ties With Rupee-Kyat Mechanism, Connectivity And Security Assurances

India and Myanmar have agreed to strengthen their economic partnership by expanding trade through the Rupee-Kyat settlement mechanism. This arrangement, operational since May 2024, has already seen steady growth in transaction volumes, and both sides expressed satisfaction with its progress.The mechanism is expected to reduce dependence on third-country currencies, thereby facilitating smoother
India and Myanmar have agreed to strengthen their economic partnership by expanding trade through the Rupee-Kyat settlement mechanism. This arrangement, operational since May 2024, has already seen steady growth in transaction volumes, and both sides expressed satisfaction with its progress.The mechanism is expected to reduce dependence on third-country currencies, thereby facilitating smoother
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