India tries to fix Iran trade payments as Trump hardens line
India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo.
Mar 22, 2017, 13:37 PM IST
RBI exploring modalities of oil payments to Iran: Rajan
The Reserve Bank of India is holding discussions with Tehran on modalities of payment of reported dues of USD 6.5 billion for oil imports, Governor Raghuram Rajan said.
Apr 05, 2016, 20:59 PM IST
India to pay $1.65 billion Iran oil dues via UAE
India will pay Iran USD 1.65 billion through the UAE central bank to clear over 40 percent of the backlog payments for oil imports.
Jun 19, 2014, 12:09 PM IST
