Oil & Gas

India to Russia Rupee Shipments to Begin Next Week – Mint

 

Indian exporters will begin settling shipments to Russia in rupees next week for the first time in a new agreed payment system, Live Mint reported.

The system was agreed a few months back by the Reserve Bank of India, said the report, but is now ready to be tested after exporters and importers have opened new bank accounts to enable rupee trade.

Read the full report: Live Mint

 

Read more:

Russia Seen Asking India for Parts to Keep Key Industries Running

India Shared List of Products with Russia, Minister Says

China Buys Russian Oil at Deepest Discount in Months

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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