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ROUBLES AND RUPEES PAYMENTS
Roubles and rupees: Russia says no more hurdles in payments with IndiaRussia and India have built a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent...- ONGC eyes operatorship of two Venezuela oil blocksONGC plans to operate two Venezuelan oil blocks soon under new laws. The company regained its stake in Russia's Sakhalin-1 project last Dec...
- 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...
- Rupee-rouble settlement volume up seven times from 2022: SberbankIndia’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total i...
- 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...
- HPCL switching from dollar to dirham & rouble to pay for Russian oil to avoid price cap issuesHindustan Petroleum Corp (HPCL) is increasingly switching from dollar to dirham and rouble to pay for Russian oil to avoid trouble arising ...
- 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...
- From Russia (for crude), with rupeesEnsuring Russian oil supply is critical for the rupee-dollar exchange rate that determines the bill for Indian energy imports from traditio...
- 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...
- Government exploring Rupee-Rouble payment for fuel import amid sanction: SourcesAny such payment mechanism involving rupee and rouble payments for imports and exports would help circumvent the sweeping economic sanction...
- Indian businesses take UAE route for Russian paymentsCargo movements and associated trade payments are being routed through outfits and banks in Dubai in transactions that come across like reg...
- A new Indo-Russian transaction platform may be up this weekThe new payments system will likely be installed at the headquarters of both the RBI and the VEB, the latter also known globally as the Sta...
- Russia requests clearance of payments worth $1.3 billionThe letter was received on March 14 but officials are finding it difficult to process any payment to Russia as most of its banks have been ...
- RBI discusses trade payment option with Russian banksBankers as well as regulators sense that the nature of sanctions in response to Russia's invasion of Ukraine are more serious compared to t...
- 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 ...
- Russia resumes export of rough diamonds to IndiaRouting payments through German banks has delayed the payment process by a week, but it has temporarily addressed the worries of diamond ex...
- 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...
- India, Iran discuss issues over payment in other currenciesIndia is in discussions with Iran over the issue of making payments in Russian rouble, Japanese yen or Chinese yuan for oil imports.
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