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Rupee mountain
India and Iran share close historical links, or so argued India’s first prime minister, Jawaharlal Nehru. Now, economic interests are pulling the two countries closer again. India has struck a clever deal to pay for Iranian oil in its own not-freely-convertible currency, the rupee. It could be a diplomatic hot potato. New Delhi buys $12 billion of oil a year from Iran. But, the trade isn’t

BREAKINGVIEWS - Iranian oil-for-rupees poses diplomatic dilemma

India and Iran share close historical links - or so argued India's first prime minister, Jawaharlal Nehru. Now economic interests are pulling the two countries closer again. India has struck a clever

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India, Iran firm up oil payment mechanism
Asserting that sanctions from the US can't harm its relations with India, Iran Tuesday said Indian companies will pay for 45 percent of their crude oil imports from Iran in rupees as part of a mechanism agreed between the two countries.

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India may make 45 % of Iran oil payments in rupees - paper

Iran has agreed to accept 45 percent of the payment for its oil exports to India in rupees through UCO Bank, based in Kolkata, the Indian Express newspaper reported on Thursday, without citing any

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Sebi turns heat on USE

After locking horns with the MCX Stock Exchange over violation of regulations regarding the shareholding pattern, the market regulator has now turned focus on the United Stock Exchange (USE), the

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UCO Bank might get capital infusion of Rs.2 billion
City-based UCO Bank Wednesday said it might get capital infusion of Rs.2 billion-odd from the central government for this financial year.

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