In a strategic move to reduce dependence on the US dollar in international trade, the Reserve Bank of India (RBI) is pushing for local banks to facilitate direct trade settlements between the UAE and India using the dirham and rupee currencies. This decision aligns with the two nations' goal to expand bilateral trade to $100 billion and also promotes the use of the Indian rupee in global transactions. The move has the potential to increase trade volumes in local currencies and could pave the way for similar arrangements with other key trading partners.