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

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

Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get f...

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...

HPCL, which has used 2 million tonnes of Russian crude of the total 17 million tonnes processed this fiscal year, is shifting to the curren...

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...

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

. "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...

It 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.

Jaitley today insisted that there was "no serious crisis" for the Indian currency as it was stabilising after few days of "volatility".

Depreciation of the Russian currency poses a risk to the profitability of Indian pharma companies such as Dr Reddy's, Glenmark and Ranbaxy.

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...