The Reserve Bank of India has requested the nation's principal state-owned refiners to accept rupees for crude, starting the process of de-dollarization with Gulf exporters.
It seems that India is now seeking a similar agreement with Gulf crude exporters, four months after its government rejected efforts from Russian oil corporations to pay for Russia's crude supplies in Chinese yuan.According to three executives at the processors, the Reserve Bank of India (RBI) has requested that the n...