The Reserve Bank of India (RBI) proposed measures to promote wider use of the rupee in cross-border trade, particularly with neighboring co...

The Indian government's reluctance to allow state-controlled refiners to pay for Russian oil imports with Chinese currency has caused delay...

Goyal is here for the 11th meeting of the India-UAE High Level task Force on Investments. He added that trade in domestic currencies will h...

The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has...

The Indian rupee has fallen to its lowest level against the UAE dirham since July 6. It was also weighed down against the US dollar due to ...

Some Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands f...

The upwardly revised trade target was announced by commerce and industry minister Piyush Goyal and UAE’s minister of state for foreign trad...

Bilateral non-oil trade between India and the United Arab Emirates (UAE) reached $50.5bn in the first 12 months of the countries' Comprehen...

INDIA-RUSSIA-Exclusive-India, Russia suspend This would be a major setback for Indian importers of cheap oil and coal from Russia who were ...

HPCL, which has used 2 million tonnes of Russian crude of the total 17 million tonnes processed this fiscal year, is shifting to the curren...

Buyers have shifted some transactions to the currency, according to people with direct knowledge of the matter. Payments vary from cargo to...

India's Ambassador to the UAE Sunjay Sudhir said that the concept paper for trade in local currencies was shared by India. The central bank...

The ministers noted that bilateral trade has shown appreciable growth under the Comprehensive Economic Partnership Agreement (CEPA), which ...

Indian refiners continue to pay in dollars using regular banking channels for the oil they buy from Russia, executives and officials said, ...

Russia has been hit by sanctions from the United States and allies following its invasion of Ukraine, and Moscow has requested some buyers ...

Cargo movements and associated trade payments are being routed through outfits and banks in Dubai in transactions that come across like reg...

Info Drive Software Ltd said on Tuesday it has agreed to buy 80 percent of Dubai-based network services firm Combiz Trading for 36.45 milli...