India-Egypt exploring possible trade in Indian Rupee and a line of credit to Cairo

India-Egypt exploring possible trade in Indian Rupee and a line of credit to Cairo.

This proposal is part of a broader agreement that could potentially witness New Delhi extending a substantial credit line to Cairo, amounting to several billion dollars.

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India is mulling over a proposition to initiate barter trade, involving goods like fertilizer and gas, with Egypt.

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Egypt has been deferring payments for its substantial wheat purchases, occasionally for several months.

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