Iran asks India to clear dues worth $6 bn in euros within six months
With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 percent of oil import bill in rupees and keeping the remaining 55 percent pending for payment channels to clear, has come to an end.
Feb 07, 2016, 18:31 PM ISTIndia pays second installment of $550 mn to Iran in oil dues
India on Tuesday paid the second installment of USD 550 million to Iran to clear over one-fourth of its dues for oil imports from the Persian Gulf nation.
Jul 08, 2014, 20:05 PM IST