The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India...

India is intensifying efforts to increase exports to Russia following Prime Minister Narendra Modi's recent visit to Moscow. Despite a surg...

India’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...

The push is toward facilitating trade through the UAE as the country's currency - the dirham - is pegged to the dollar and enjoys global st...

If the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments fr...

Banks are discussing the currency pair for the payment mechanism and the options include the Indian rupee paired with the Russian rouble or...

The Russian lender, which likely escaped the West's scanner because of its insignificant presence in Europe's richer neighbourhoods and oth...

The internationalization of the rupee could lead to multipolar financial structure originally envisaged by the BRICS. The Central Asian sta...

The faltering pre-war payment deal bodes ill for India's plan to create rupee-rouble trade mechanisms that can bypass dollar and euro payme...

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

This suggests that the two countries might consider a rupee-rouble mechanism to settle trade in goods to avoid sanctions imposed by the Wes...

Trade between India and Russia can be directly settled without involving dollar or euro or any other convertible currency.

Bankers as well as regulators sense that the nature of sanctions in response to Russia's invasion of Ukraine are more serious compared to t...

. "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 ...

Russia’s aviation authority revealed on March 10 that the Chinese refusal has come after the Boeing and Airbus halted supply of aircraft co...

Sistema Shyam Teleservices’ (SSTL) attempt to secure equity infusion from the Russian government could hit a roadblock, as the existing rup...

India and Russia are mulling returning to the rupee-rouble trade arrangement to end the dependency on the volatile dollar and step up econo...