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India merchants almost halt exports to Iran as its rupee reserves fall: Officials
Iran s reserves have reduced significantly and will be over soon probably because trade has stopped, said a senior official with IDBI Bank
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Rajendra Jadhav,
Parisa Hafezi
Exporters are avoiding dealing with Iran since payments are getting delayed for months, said a Mumbai-based dealer with a global trading house
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MUMBAI/ DUBAI :
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. ....

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