India, which has made it clear that it will not use Chinese yuan to purchase Russian oil, the domestic oil refiners are trying to resolve the payment mechanism at the …
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Rupee-Ruble trade
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Economy
After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market
Notwithstanding the teething problems in the rupee-ruble payments mechanism, India’s oil imports from Russia further increased in June with a record high of 2.2. million barrels per day (bpd) being …
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Sanction-hit Russia may use its accumulated Indian currency for investments in government securities or even through foreign direct investment for greenfield or brownfield projects besides expanding bilateral trade as New …
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Economy
Will Indian rupee and Russian ruble rule transactions along the 7,200 km transport corridor in the future?
India is looking at the rupee ruble payment system with Russia as a long term arrangement. An exercise that started off primarily to ease payments after Russia was barred from …
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As India’s fuel demand is expected to rise substantially fuelled by a healthy pickup in economic activities, New Delhi is set to further increase oil imports from Moscow notwithstanding the …