Russia's trade with India is thriving, with Sberbank handling up to 70% of Russian exports to the country. Trade between the two nations ne...

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

India is intensifying efforts to increase exports to Russia following Prime Minister Narendra Modi's recent visit to Moscow. Despite a surg...

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

If the two countries switch to rupee-rouble settlement without addressing trade imbalance, then Russian banks that accept rupee payments fr...

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...

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

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...

Any such payment mechanism involving rupee and rouble payments for imports and exports would help circumvent the sweeping economic sanction...

The 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 ...

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

India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rou...

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

India asks Russian government to use the existing rupee-rouble debt agreement between both the countries to secure an equity infusion in te...

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...