India has suggested to the world's biggest oil producers (OPEC) that they allow India to make payments for oil in rupees instead of euros or dollar. OPEC supplies 60% of India's oil needs. The move, if accepted, will also help India's current account deficit .
from Times of India https://timesofindia.indiatimes.com/business/india-business/rupee-oil-problem-will-saudi-arabia-agree-to-this-iran-model-for-india/articleshow/66257607.cms
0 Comments: