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RUPEE ROUBLE ARRANGEMENT
Russia eyes ports, biotech for rupee surplus investments in IndiaRussia is eyeing India's burgeoning infrastructure, particularly its ports, for investments using accumulated rupee funds. Discussions are ...- 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...
- 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...
- RBI's reserves effective guard against Vostro holding swingsInvestments of some Russian funds in select securities that were permitted in a specific way are said to have reduced over a period of time...
- From Russian funds with love: Plan mooted to tap rupee balance in special accountsRussian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India fo...
- Rupee-rouble settlement volume up seven times from 2022: SberbankIndia’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total i...
- Why is internationalisation of rupee not gaining currency? Lessons from the India-Russia oil trade dealThe rupee-rouble settlement mechanism drawn up after the invasion of Ukraine shows the barriers in India’s plan to make the INR a globally ...
- 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...
- Large Indian lenders shun rupee mechanism in Russia trade-sourcesTwo smaller lenders have moved to adopt the system after the Reserve Bank of India (RBI) said in July that it had set up an arrangement for...
- 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's top cement maker UltraTech paying for Russian coal in Chinese yuanUltraTech is bringing in 157,000 tonnes of coal from Russian producer SUEK that loaded on the bulk carrier MV Mangas from the Russian Far E...
- Indian businesses take UAE route for Russian paymentsCargo movements and associated trade payments are being routed through outfits and banks in Dubai in transactions that come across like reg...
- India leans toward continued import of Russian coking coal -ministerWestern countries and Japan have slapped unexpectedly heavy sanctions on the government of President Vladimir Putin and people associated w...
- Russian Foreign Minister to visit India close on heels of Wang Yi's tripLavrov who has made few trips abroad since Russia invaded Ukraine or what they describe as special military operations in Ukraine on Februa...
- RBI discusses trade payment option with Russian banksBankers as well as regulators sense that the nature of sanctions in response to Russia's invasion of Ukraine are more serious compared to t...
- Always exploring all possibilities in global energy markets: IndiaAt a media briefing here, Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi did not give a direct reply to a question on wheth...
- Dark global clouds over Russia and China signal risk of bad days aheadThe slide began with western sanctions, was exacerbated by oil price fall, and became a debacle when investors began fleeing roubles for do...
- '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...
- Russia gets FIPB okay to buy 19.8 pc in SistemaThe Foreign Investment Promotion Board (FIPB) has cleared the Russian government’s proposal to acquire a 19.8% stake in telecom company Sis...
- 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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