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RUPEE ROUBLE
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...- Rupee-rouble rule: RBI clears path for faster India-Russia paymentsAmid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move...
- India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar trade barriersThe Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India...
- India seeks to boost exports to Russia after PM Modi's tripIndia is intensifying efforts to increase exports to Russia following Prime Minister Narendra Modi's recent visit to Moscow. Despite a surg...
- Russia's VTB to launch cross-border money transfers to IndiaRussia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get f...
- UAE emerges as alternative to rupee trade with RussiaThe push is toward facilitating trade through the UAE as the country's currency - the dirham - is pegged to the dollar and enjoys global st...
- Russia, India plan to drop use of US dollar, euro in bilateral trade: Russian diplomatIf the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments fr...
- UCO Bank, Yes Bank in talks with Russia to finalise trade mechanism: OfficialBanks are discussing the currency pair for the payment mechanism and the options include the Indian rupee paired with the Russian rouble or...
- Rupee-rouble trade: Russia's PSCB opens Re A/c with Yes BankThe Russian lender, which likely escaped the West's scanner because of its insignificant presence in Europe's richer neighbourhoods and oth...
- First to firm up the Rupee-RoubleThe government and the Reserve Bank of India (RBI) will need to guide the banking system through the evolving situation. Although climbing ...
- Trade in national currencies to boost India's trade with Central Asia & extended neighbourhoodThe internationalization of the rupee could lead to multipolar financial structure originally envisaged by the BRICS. The Central Asian sta...
- India Potash's rouble-rupee payment deal stumbles in Russian bankThe faltering pre-war payment deal bodes ill for India's plan to create rupee-rouble trade mechanisms that can bypass dollar and euro payme...
- Government exploring Rupee-Rouble payment for fuel import amid sanction: SourcesAny such payment mechanism involving rupee and rouble payments for imports and exports would help circumvent the sweeping economic sanction...
- No restriction on Rupee-Rouble trade, says RussiaThis suggests that the two countries might consider a rupee-rouble mechanism to settle trade in goods to avoid sanctions imposed by the Wes...
- How India and Russia can trade directly in rupee-roubleTrade between India and Russia can be directly settled without involving dollar or euro or any other convertible currency.
- Traders want re-rouble trade mechanism reactivated. "We have told the government to look into the rupee-rouble trade mechanism so that we can bring in sunflower oil from Russia to meet the ...
- A case for reviving the Rupee-Rouble tradeRussia’s aviation authority revealed on March 10 that the Chinese refusal has come after the Boeing and Airbus halted supply of aircraft co...
- 'Rupee-rouble debt pact may help close Sistema deal'India asks Russian government to use the existing rupee-rouble debt agreement between both the countries to secure an equity infusion in te...
- Sistema's Russian equity plan may hit roadblockSistema Shyam Teleservices’ (SSTL) attempt to secure equity infusion from the Russian government could hit a roadblock, as the existing rup...
- India, Russia mulling return to rupee-rouble tradeIndia and Russia are mulling returning to the rupee-rouble trade arrangement to end the dependency on the volatile dollar and step up econo...
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