FILE PHOTO: Labourers lift a sack filled with sugar to load it onto a handcart at a wholesale market in Kolkata, India, February 1, 2018. REUTERS/Rupak De Chowdhuri/File Photo
Exclusive: India merchants almost halt exports to Iran as its rupee reserves fall - officials India Top News Parisa Hafezi MUMBAI/ DUBAI (Reuters) - Indian merchants have almost entirely stopped signing new export contracts with Iranian buyers for commodities such as rice, sugar and tea, due to caution about Tehran’s dwindling rupee reserves with Indian banks, six industry officials told Reuters. “Exporters are avoiding dealing with Iran since payments are getting delayed for months,” said a Mumbai-based dealer with a global trading house.
Indian merchants almost stop export contracts with Iran as Tehran s rupee reserves dwindle
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1st consignment of India s red rice flagged off to U S - World News
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