Sunday, 19 September , 2021
rupee Archives - Iran News Daily
India set to pay for Iranian oil using rupee from November 22 Sep 2018

India set to pay for Iranian oil using rupee from November

India may revert to paying Iran in rupees for the oil it buys from its third largest supplier as U.S. sanctions will from November 4 block use of U.S. dollars to settle such trades, a top official said Thursday. Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) […]

India ‘likely’ to abolish rials-rupee trade agreement with Iran 13 Jul 2018

India ‘likely’ to abolish rials-rupee trade agreement with Iran

In the wake of US pressures, India will likely cancel rials-rupee trade agreement with Iran, which was inked three years ago. According to the informed sources, India tries its utmost effort to receive sanctions waiver from US for its important project in Iran’s Chabahar Port. Since Iran had been put under sanctions by the United […]

India to use Rupee, Euro to continue trade with Iran during sanctions 09 Jun 2018

India to use Rupee, Euro to continue trade with Iran during sanctions

TEHRAN – India is mulling over using Euro as well as the rupee to continue trade with Iran during the new rounds of the U.S. sanctions on Tehran. According to Telegraph India, the country’s UCO Bank will be undertaking the rupee trade with Iran as it used to do during the earlier round of sanctions. […]