Wednesday, October 17, 2018

Rupee-oil problem: Will Saudi Arabia agree to this Iran model for India?

India has suggested to the world's biggest oil producers (OPEC) that they allow India to make payments for oil in rupees instead of euros or dollar. OPEC supplies 60% of India's oil needs. The move, if accepted, will also help India's current account deficit .

from Times of India https://ift.tt/2R16z4v
India has suggested to the world's biggest oil producers (OPEC) that they allow India to make payments for oil in rupees instead of euros or dollar. OPEC supplies 60% of India's oil needs. The move, if accepted, will also help India's current account deficit . https://ift.tt/eA8V8J October 17, 2018 at 12:55PM https://ift.tt/2hJjhqE

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