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Total 48 results found. Search for [ rupee payments to Iran ]

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Anilesh S Mahajan
New Delhi, October 8, 2018
On October 8, Indian petroleum minister Dharmendra Pradhan came on record to say that India will continue with its purchases.

October 8, 2018

October 5, 2018

October 5, 2018
Top industry sources said Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have contracted 1.25 million tonnes of Iranian oil for import in November, the month when the US sanctions against Iran's oil sector kick-in.
New Delhi, October 4, 2018
CII submitted a dozen suggestions to the Prime Minister's Office, the finance minister and the Reserve Bank of India on curbing rupee volatility.

September 20, 2018
Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.

New Delhi, September 10, 2018
Economic Affairs Secretary Subhash Chandra Garg said last week's rupee fall was on account of the belief that emerging markets with a current account deficit may face some pressures going forward, and the rupee was no exception

July 3, 2018
India imported 771,000 barrels of crude oil a day from Iran in May, a 35 per cent increase from the previous month.

May 30, 2016
India is one of the biggest buyers of Iranian crude and built up a payments backlog when Iran was under Western sanctions, with its refiners owing about $6.5 billion to Iran.

January 15, 2016
The impasse underlines how Tehran is taking a more assertive posture in its dealings with trading partners as options open up for business and it looks to strike better deals.

New Delhi, October 13, 2015
This is the second payment by Indian refiners this year ahead of easing of international sanctions against the Persian Gulf country.

Nidhi Verma
New Delhi, September 29, 2015
Toughened sanctions in early 2012 had halved Iran's oil exports and strangled its oil revenue, crippling its economy and finally bringing it to the negotiating table.

Nigel Stephenson & Sujata Rao
London , July 20, 2015
The strength of the dollar weighed on gold, which plunged as much as 4% while platinum fell as much as 5% to its lowest since February 2009.

Nidhi Verma
New Delhi, March 20, 2015
India, which is Iran's top client after China, has been reducing its imports from Iran under pressure from Western sanctions.

New Delhi, November 20, 2014
The $1.3 billion payment last one month is on top of $1.65 billion the refiners had paid in June/July. Cumulatively, refiners owe about $6 billion to Iran in past oil dues.

Gaurav Pai
Mumbai, July 15, 2014
Traders expect the rupee to remain range-bound in the near-term, with markets also focused on Federal Reserve Chair Janet Yellen's congressional testimony due later on Tuesday.

Anilesh S. Mahajan
July 15, 2014
Since 2012, Iraq has been India's second biggest source of oil imports after Saudi Arabia, supplying more than 20 million metric tonne every year. Ever since the unrest in Iraq broke out, Asia's second largest energy user has been on edge.

Rahul Oberoi/Money Today
July 21, 2014
As a commodity investor, you can take advantage of the resulting shortages pushing up prices. For instance, in 2002-03, when El Nino disrupted the monsoon, castor seed production fell 34 per cent. As a result, its price zoomed 30 per cent during the summer season.

Anilesh S. Mahajan
December 5, 2013
The lifting of the European Union restrictions on insurance opens the door for Indian refiners to increase imports to contract levels without breaching sanctions.

November 26, 2013
The removal of the EU restrictions on insurance opens the door for Indian refiners to increase imports to contract levels without breaching sanctions that remain in place limiting Iran's overall exports to around 1 million barrels per day.

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