Russia and India are set to start trade in rupees. To increase Indian exports, a new payment system has been approved.
According to the head of the Federation of Indian Export Organizations (FIEO), India will soon begin trading in rupees with Russia. This follows an agreement by the State Bank of India to simplify a new payment system.
“The State Bank of India has come forward for facilitating trade in rupees with Russia and some other banks have also shown interest,” A. Shaktivel tol...
