New Delhi, Feb. 8 -- In a push for international trade in local currencies, India and Malaysia have agreed to promote bilateral trade and investment in their own currencies.

The decision was taken during Prime Minister Narendra Modi's two-day (7-8 February 2026) visit to Malaysia.

During the visit, both Modi and Malaysian Prime Minister Anwar Ibrahim discussed a range of areas for enhanced bilateral partnership, including trade, digital economy, semiconductors, energy and defence, said a joint statement on Sunday.

"Both prime ministers appreciated the continued collaboration between the Reserve Bank of India and Bank Negara Malaysia to promote usage of local currency settlement in bilateral trade and investments, and encouraged industr...