India to pay in rupees for Iranian oil from November
"Previously we settled 45 percent of our trade in rupees this time it could be 100 percent. We have to mutually decide the number," said the first source./ in rupees for the oil it buys from its third largest supplier as US sanctions will from November 4 block use of US dollars to settle such trades, a top official said Thursday. Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use to route oil payments to Iran, the official added. US sanctions against Iran come into effect ...
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