Asian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India u...

China's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense r...

While India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...

India is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...

Indian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, ...

India is launching the Bharat Maritime Insurance Pool, backed by a substantial sovereign guarantee of over ₹12,980 crore. This strategic in...

Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank's Shanghai office. Indian Oil ...

To address the trade imbalance from India's Ural crude purchases, they consider local currency, yuan, and cross-border investments. Western...

Some Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and a...

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

Speaking at a press conference here, Congress spokesperson Gourav Vallabh said India is importing 42 per cent of its total oil requirement ...

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

Indian refiners are beginning to use the Chinese yuan to pay for oil imports from Russia, as Western sanctions against Moscow make it diffi...

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed...

UltraTech 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...

India Ratings and Research expects the rupee to trade in the range of 64.50-66.25 for the remainder of 2015-16.

Bankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.