Amid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move...

The Russian central bank increased its key interest rate by 350 basis points to 12%, in an emergency meeting to try and stop further deprec...

Ensuring Russian oil supply is critical for the rupee-dollar exchange rate that determines the bill for Indian energy imports from traditio...

“DGFT had shared that information with Department of Financial Services (DFS). About 60 per cent of the exporters have received their payme...

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...

The pan-European STOXX 600 index was up 0.2% with utilities and consumer staples in the lead. Material stocks fell 0.3%, limiting the index...

Russia's exported $6.9 billion worth of goods to India in 2021, mainly mineral oils, fertilisers and rough diamonds, while India's exports ...

At a media briefing here, Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi did not give a direct reply to a question on wheth...

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

The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from "countries that engage in hos...

Russians are bracing for an uncertain future of spiraling inflation, economic hardship and an even sharper squeeze on imported goods. Citie...

Oil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that ...

Overnight Fitch said that U.S. and European Union sanctions prohibiting any transactions with the Bank of Russia would have a "much larger ...

State-run ONGC, Oil India, Indian Oil, and BPCL have investments in multiple Russian oil and gas fields, with some fields permitting stakeh...

The US and the European Commission on Saturday issued a joint statement to exclude some Russian banks from the SWIFT messaging system. TOI ...

At present, all diamond purchases are done in US dollars and the government is trying to use other currencies for trading with countries th...

Financial sanctions by the US have hit India’s arms trade with Russia hard, with payments for weapons and equipment worth over $2 billion g...