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Russia wholeheartedly welcomes Modi-Xi meeting in Kazan which is important for Eurasian stability: EnvoyRussia is pleased about the first meeting in five years between PM Narendra Modi and President Xi Jinping in Kazan during the BRICS Summit....- Often surprised by Modi's tough stance on national security: PutinRussian President Vladimir Putin has urged for more use of national currencies in bilateral trade and smoother financial transactions betwe...
- Sentro Group acquires bank in Russia, eyes rupee-ruble trade"We wish to partner with Indian banks and other financial institutions for mutual Nostro/Vostro accounts, and the bank wants to expand its ...
- Time for India to grab opportunities to correct the trade deficit: Prithviraj SrinivasAnd if I look at India's market share at this point in time, it is again, extremely negligible. But what is interesting though, is if you l...
- Russia says it has billions of Indian rupees that it can’t useRussia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov said Friday, pointing to a bal...
- Discussion ongoing for converting Rupee accumulated by Russia into other currencies: LavrovLavrov said, “As for the rupee, this is a problem. We have accumulated billions of rupees in accounts in Indian banks. We need to use this ...
- Indian apex exporters body sign MoU with Business Russia to promote trade & FDIThe Memorandum of Understanding (MoU) was inked during a visit of a 50-member delegation of the agro and food processing sector to Moscow. ...
- S Jaishankar-Denis Manturov decide to intensify talks for bilateral investment protection treatyAddressing the closed door business dialogue Manturov pointed out that Russia has launched the program of preferential loans and insurance ...
- BRICS summit to discuss mechanism for trade in national currencies among membersThe BRICS member states are discussing the proposal for consideration at the Summit in August, ET has learnt.
- Petersburg Social Commercial Bank may be a focal point of India-Russia rupee tradeReplacement of European companies in the Russian market by Indian companies is increasing, Vladimir L Pribytkin, the bank’s founder and cha...
- There's a flipside to buying Russian oil with a $35 discountThe stance won’t exactly please the Americans. However, it’s no more opportunistic than Europe continuing to buy Russian gas more than a mo...
- India is considering rupee payments for trade with RussiaSpokespersons for the government and the Reserve Bank of India were not immediately able to comment, while representatives of SBI and UCO d...
- What does sanctions on Russian Central Bank mean?Among the actions taken by the US and its allies, they have decided to disconnect sanctioned Russian banks from SWIFT- the global interbank...
- ET in the classroom: How SWIFT curbs hurt Russia’s ability to defend RubleET in the classroom: How SWIFT curbs hurt Russia’s ability to defend Ruble
- Rupee reverses gains, falls 33 paise against dollarThe domestic unit was down 33 paise at 68.86 against the dollar around 2:40 pm.
- Good foreign fund inflow makes rupee best performer among EM currenciesThe local unit has gained 4.1 per cent in past one month beating its nearest rival.
- Finance Ministry, RBI working out mechanism to ensure smooth India-Iran trade: Commerce SecretaryCommerce Secretary Anup Wadhawan said they are telling exporters that proper mechanisms will be put in place to ensure that the trade does ...
- What triggered rupee’s new record low of 69.93The local unit lost more than 1.43% to the greenback, hitting 69.85 in late afternoon trade.
- Surge in forwards bets hints yuan may not dent rupee muchThe rupee's average daily NDF volume in April was the highest among the Brazilian real, South Korean won, Russian ruble and the yuan.
- Dubai exchange launches 3 new emerging market currency futuresThe new contracts, Russian Ruble Futures, Korean Won Futures and South African Rand Futures, went live on Friday, December 26.
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