(Bloomberg) Wheat futures in Chicago extended a rally amid worries about global shortfalls even after India said it would relax its order curbing exports.
India’s government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian nation seeks to buy oil and weapons from the sanctions-hit country.
By Shruti Srivastava, Adrija Chatterjee and Anup Roy, India is working out a mechanism to facilitate trade with Russia using local currencies, with a decision expected as early as next week, according to people familiar with the matter.