India will revive a previous arrangement of making payments in an account in UCO Bank, which does not have international exposure and is therefore not vulnerable to sanctions. This time, Iran will take the entire amount in rupees. Tehran is expected to use these funds to import items from India.
from Times of India https://ift.tt/2PEPNLl
India will revive a previous arrangement of making payments in an account in UCO Bank, which does not have international exposure and is therefore not vulnerable to sanctions. This time, Iran will take the entire amount in rupees. Tehran is expected to use these funds to import items from India. https://ift.tt/eA8V8J November 04, 2018 at 12:19AM https://ift.tt/2hJjhqE
Sunday, November 4, 2018
India may pay Iran for oil in Re at a bank here
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