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ROUBLE RUPEE
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...
- RBI working to provide avenues to Russian trade counterparts for INR useThe Reserve Bank of India is creating new ways for Russian businesses to use their accumulated Indian rupees. These rupees can now be used ...
- Rupee-rouble rule: RBI clears path for faster India-Russia paymentsAmid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move...
- 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...
- Russia's VTB to launch cross-border money transfers to IndiaRussia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get f...
- 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...
- HPCL now paying in rouble, dirham for Russian crude oilHPCL, which has used 2 million tonnes of Russian crude of the total 17 million tonnes processed this fiscal year, is shifting to the curren...
- UCO Bank, Yes Bank in talks with Russia to finalise trade mechanism: OfficialBanks are discussing the currency pair for the payment mechanism and the options include the Indian rupee paired with the Russian rouble or...
- Rupee-rouble trade: Russia's PSCB opens Re A/c with Yes BankThe Russian lender, which likely escaped the West's scanner because of its insignificant presence in Europe's richer neighbourhoods and oth...
- 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 Potash's rouble-rupee payment deal stumbles in Russian bankThe faltering pre-war payment deal bodes ill for India's plan to create rupee-rouble trade mechanisms that can bypass dollar and euro payme...
- How India and Russia can trade directly in rupee-roubleTrade between India and Russia can be directly settled without involving dollar or euro or any other convertible currency.
- Traders want re-rouble trade mechanism reactivated. "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 ...
- A case for reviving the Rupee-Rouble tradeRussia’s aviation authority revealed on March 10 that the Chinese refusal has come after the Boeing and Airbus halted supply of aircraft co...
- Rupee trims initial gains against dollar, up 10 paisaIt trimmed its initial gains on mild dollar demand from banks and was quoted at 61.70 per dollar at 11.10 a.m., showing a gain of ten paise.
- No serious crisis for the Indian currency: Arun JaitleyJaitley today insisted that there was "no serious crisis" for the Indian currency as it was stabilising after few days of "volatility".
- Rouble fallout: Dr Reddy's, Ranbaxy's profit in troubleDepreciation of the Russian currency poses a risk to the profitability of Indian pharma companies such as Dr Reddy's, Glenmark and Ranbaxy.
- Sistema's Russian equity plan may hit roadblockSistema Shyam Teleservices’ (SSTL) attempt to secure equity infusion from the Russian government could hit a roadblock, as the existing rup...
- 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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