rupee payment

Russia ‘makes use of up a lot of its ₹ stability in Indian banks’

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Russia has managed to make use of up most of its rupee stability, estimated by the business at over $8 billion that had piled up in particular vostro accounts of Indian banks on account of funds made largely for Russian defence purchases, and the matter will not be a serious concern now, officers have mentioned. … Read more

₹ cost impact: Engg exports to Russia rise 140% to $1 billion

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Exports of engineering items from India to Russia is hovering, due to the rupee cost association. Within the April-November interval of the present 12 months, India’s engineering items exports to Russia rose 138 per cent to the touch $902.25 million, in contrast with $378.89 million within the corresponding interval of final 12 months, in accordance … Read more