India moves to start rupee payments for Iran oil
Indian refiners aim to start payment at the earliest * Indian exporters hope to strengthen trade with Iran NEW DELHI, June 14 (Reuters) - India removed a hefty tax and took other steps to ease payments in its rupee currency for some imports of Iranian oil as it seeks to continue purchases - albeit reduced -- in face of Western sanctions that blocked an earlier payment method. India, Iran's second-biggest oil client, won a waiver this month from tough new U.S. sanctions in return for significantly cutting purchases of Iranian oil. After ...
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