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India and Russia to Enhance Trade With Rupee-Ruble Payments

India and Russia to Enhance Trade with Rupee-Ruble Payments


India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […]

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