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The common commodities in the transaction include crude palm oil, plastic resin, metals, rubber, crude oil and digital commodities.

A woman carries her child while she leaves with a free bag of flour from a government distribution point in Islamabad on April 1, 2023. Photo by Farooq NAEEM / AFP

This follows the decision by the Reserve Bank of India (India's Central Bank) in July 2022 to allow settlement of International trade in Indian Rupees.

The ringgit is likely to trade on a bullish bias next week, below the RM4.40 level within the 4.3925-4.4175 range against the US dollar, said an analyst.

Economists are projecting a better outlook for the ringgit in the second quarter (Q2) of 2023 amid the country's relatively resilient economic outlook.

In this file photo taken on Feb 10, 2022 Elon Musk speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas.- Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media. World's richest person Musk today overtook former US president Barrack Obama as the most followed Twitter account. - Pic: AFP

In a statement today, Sapura Energy said the full-year results for FY2023 are showing noteworthy progress in its efforts to regain operational stability.