India looks to revive rupee payment system for Iran oil imports: government sources
NEW DELHI (Reuters) - India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from U.S. sanctions, two government sources said./ A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata, in this November 27, 2013 file photo. REUTERS/Rupak De Chowdhuri/Files/ During a previous round of sanctions, India devised a barter-like scheme acceptable to Washington to allow it to make some oil ...
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