Saturday, November 3, 2018

After US relief, India works to pay for Iran oil in rupees

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India will revive a previous arrangement of making payments in an account in UCO Bank, which does not have international exposure and is therefore not vulnerable to sanctions. This time, Iran will take the entire amount in rupees. Tehran is expected to use these funds to import items from India.

from India News | Latest News Headlines & Live Updates from India - Times of India

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