In 2023, India imported crude oil from which country, making payments in Indian Rupees (₹), as part of the Rupee-Dirham trade agreement?
UAE
The correct answer is option 1 I.e. UAE.
In 2023, India made its first-ever payment in Indian Rupees (₹) for the purchase of crude oil from the United Arab Emirates (UAE). This transaction, involving the purchase of one million barrels of crude oil from Abu Dhabi National Oil Company (ADNOC), was conducted under the newly implemented Local Currency Settlement (LCS) system. The payment was made by Indian Oil Corporation (IOC) in Indian Rupees, marking a significant step in promoting the use of local currencies in international trade .
Which function is used to calculate the maximum value in a selected column in MS Excel?