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India doesn't want its state refiners to pay for Russian oil in Chinese yuan? Some payments held up, says report

India Business News: India has become the leading importer of Russian seaborne oil this year, taking advantage of discounted prices following the suspension of Russian oil ....

Hong Kong , India General , United States , New Delhi , Indian Oil Corp , Indian Oil , Bharat Petroleum Corp , European Union On Russian , Hindustan Petroleum , European Union , Petroleum Corp , Business News , Russian Oil , Russia Crude Oil , Oil Purchases , Indian Refiners , Chinese Yuan , Chinese Currency ,

India central bank nudges banks to settle UAE trades in rupee, dirham

India central bank nudges banks to settle UAE trades in rupee, dirham
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Indian Oil Corp , Abu Dhabi National Oil Co , Central Bank ,

Reserve Bank nudges banks to settle UAE trades in rupee, dirham: Sources

The move is part of the Reserve Bank of India s broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee s global reach, three banking sources said. ....

United Arab Emirates , Siddhi Nayak , Jaspreet Kalra , Savio Dsouza , Shivangi Acharya , Abu Dhabi National Oil Co , Indian Oil Corp , Reserve Bank , Saviod Souza , Foreign Trade ,

US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on May 7

The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham and other currencies to Indian rupees depend on demand and supply. ....

Saudi Arabia , United Kingdom , Account Deficits , Current Account Surplus , Foreign Exchange , Indian Rupee Inr , S Dollar ,

India joins Russia's SPFS banking payments system – another death blow to the dollar and Western money dominance

We have received word that India, the second most populous country in the world, has signed a deal with Russia to adopt its SPFS system for making banking payments to the country. The Narendra [.] ....

New Delhi , South Africa , United Arab Emirates , United States , Anand Mahindra , Narendra Modi , Vladimir Putin , European Union , Society For Worldwide Interbank Financial Telecommunication , Mahindra Group , Natural News , Service Bureau , Financing Messaging System , Denis Manturov , New Indian , Indian Ru Pay , Unified Payments Interface , Fast Payments System , Great Game India , Russian President Vladimir Putin , Federal Reserve Note , Special Rupee Vostro Accounts , Worldwide Interbank Financial Telecommunication , Central Banks , Currency Amp Debt , Current Events ,