UCO Bank News
Iran to pay Re for India imports in '2 weeks'
Indian exporters will be able to receive payments in the restricted rupee currency for sales to Iran within two weeks, chief of India's top exporters' body said on Friday, as New Delhi puts a mechanism in place to maintain trade despite the US sanctions. About $3 billion in Iranian import arrears have accumulated since December 2010, president of the Federation of Indian Export Organisations M Rafeeque
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