Press TV - India and Iran are finalizing details of a mechanism which will allow New Delhi to pay for Iranian oil in rupees. India says the arrangement will help India avoid the impacts of Washingtons unilateral sanctions. Our correspondent Sanjay Sethi has more.
Money Control - As petroleum-related sanctions on Iran come into effect from November 4, Indian refiners will pay for oil inIndian currencyusing UCO Bank and IDBI Bank, according to a report byThe Economic Times.
India wants to secure a waiver for imports from the US, which is why it has significantly reduced its oil purchase from Iran afterthe ...
MNA India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing channels to pay Tehran might choke under pressure from US sanctions, a government source said on Friday.
Expediting the formation of a mechanism to withstand US sanctions, India and Iran have discussed various options, including ...
[caption id="attachment_130909" align="alignright" width="178"] A street side restaurant owner holds a bundle of rupee notes as he sits outside his restaurant in New Delhi November 22, 2013.[/caption]
INDORE: Enforcement Directorate teams from Mumbai and Indore have unearthed a suspected money laundering racket originating from Iran and neighboring ...
[caption id="attachment_130909" align="alignright" width="154"] A street side restaurant owner holds a bundle of rupee notes as he sits outside his restaurant in New Delhi November 22, 2013.[/caption]
Reuters Market Eye - The rupee fell to as low as 62.13 on Thursday, its lowest since March 4. The the Indian unit was last trading at 62.1150/1200 versus ...
Reuters Market Eye - Therupeetrading lower at 61.85/86 perdollarafter falling to 61.95 earlier in the session, versus Friday's close of 61.75/76.
Dealers watching for the timing of possible dollar outflows related toIranoil payments.
Indiais ready to pay $1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following ...
The oil ministry hopes to shave off $22 billion (Rs 1,44,540 crore) from its import bill by paying for Iranian oil in rupees.
The Prime Minister has told us to save $25 billion (Rs 1,64,250 crore) from the oil import bill. As of today, we have already put together a plan to save $22 billion, petroleum minister Veerappa Moily said, adding that the ...
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