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RUPEE ROUBLE TRANSACTIONS
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...
- Russia's Sberbank says India business booming despite Western sanctionsRussia's trade with India is thriving, with Sberbank handling up to 70% of Russian exports to the country. Trade between the two nations ne...
- 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...
- India seeks to boost exports to Russia after PM Modi's tripIndia is intensifying efforts to increase exports to Russia following Prime Minister Narendra Modi's recent visit to Moscow. Despite a surg...
- 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...
- Russia, India plan to drop use of US dollar, euro in bilateral trade: Russian diplomatIf the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments fr...
- 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...
- 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 ...
- 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.
- India considers buying discounted Russian oil, commoditiesIndia is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rou...
- 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-rouble debt pact may help close Sistema deal'India asks Russian government to use the existing rupee-rouble debt agreement between both the countries to secure an equity infusion in te...
- 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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