Sputnik - In 2011, when the US and other nations blocked payment channels in order to bring Iran to the negotiating table over its nuclear programme, the Reserve Bank of India facilitated payments to Iran via Turkey. US Treasury Secretary Steven Mnuchin met the Governor of India's banking regulator, Reserve Bank of India, Shaktikanta Das in Mumbai ...

Reports say the Reserve Bank of India (RBI) has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee. "RBI wants to stagger payments to Iran to pre-empt any undue volatility in the domestic forex market," Reuters has quoted an unnamed Indian source as saying. "A $500-$700 million ...

The Reserve Bank of India (RBI) will help the countrys refiners clear $6.5 billion inoutstanding debt which they owe to Iran for oil purchases, Indian media reports say. The debt has accumulated in bank accounts amid US-led sanctions which ban financial transactions with Iran. Last months conclusion of nuclear talks has created panicamongIndian ...

[caption id="attachment_150778" align="alignright" width="201"] file photo shows India's UCO Bank[/caption] The Kolkata-based state-run lender had released Rs 945.9 cr to the current accounts of eight companies for the purpose. UCO Bankon Wednesday said it does not expect any impact on its performance because of theadvance remittancesit offered for ...

TEHRAN (Tasnim) An Indian delegation comprised of energy, finance and foreign affairs officials are likely to make a visit to Iran in order to discuss methods of payments for crude imports from the Islamic Republic, according to an Indian website. A team of India officials, representing the countrys finance ministry, ministry of external affairs,...