Thimpu, Aug. 17 -- Prime Minister Narendra Modi here on Saturday launched Rupay card in Bhutan and signed nine memorandums of understanding (MoUs), including one on the ISRO-built earth station in Thimphu and a power purchase agreement.

Modi on a two-day state visit to Bhutan was received by his counterpart Lotay Tshering. He will hold talks with Bhutanese leaders to deepen bilateral relations.

External Affairs Ministry spokesperson Raveesh Kumar tweeted, "Bringing our economies and people together. Modi and Bhutan Prime Minister jointly launch Rupay cards in Bhutan bringing immediate tangible benefits to the people of both countries."

One power purchase agreement for the Mangdechhu hydroelectric power plant was also signed between the...