India Seeks to Have Rupee Accepted for Some Oil Purchases

The Reserve Bank of India has asked the country’s major state-owned refiners to press Persian Gulf suppliers to accept at least 10 percent of oil payments in rupees in the next financial year.The Reserve Bank of India has asked the country’s major state-owned refiners to press Persian Gulf suppliers to accept at least 10 percent of oil payments in rupees in the next financial year.  Read More