SBI to Facilitate India-Israel Trade in Rupees

The State Bank of India (SBI), which has a branch in Israel, is helping Indian and Israeli companies trade using Indian rupees instead of other currencies.

This is part of a plan by India's central bank to make trade easier with partner countries.

SBI is also helping Indian workers in Israel send money back home by opening special accounts for them.

Both countries are working on a big trade agreement to make their businesses work together better.

Important people from both countries have been visiting each other to talk about these plans.

SBI has been in Israel since 2007 and helps local companies with money matters related to India.

There are many Indian workers in Israel, especially in construction and farming, and SBI is helping them too.