Sunday, July 14, 2013

India will make all payments for Iran crude in Rupees

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Published on Jul 13, 2013

India is to settle its 1.53 billion dollars dues with Iran in Rupees. From now on, all the trade will only be done in Indian currency.

Until February, 45 percent of the Indian oil import payments were made in Euros, with the money going through Turkish Halkbank. Since then Indian crude oil importers have held on to their payments.

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Source: http://www.youtube.com/watch?v=riNaeFm2ijU&feature=youtube_gdata

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