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

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New Delhi, November 25, 2013
The US and five other world powers struck an accord with Iran on Sunday, agreeing to ease part of an economic stranglehold in exchange for steps to cap Tehran's nuclear programme and ensure the Islamist government doesn't rush to develop atomic weapons.

New Delhi, November 22, 2013
A panel set up in August to study currency swaps has now won support from the finance ministry, the commerce ministry and the central bank to target about 10 countries for such deals focusing on oil exporting nations and others that run large trade surpluses with India, three sources said.

New Delhi, November 13, 2013
Indian refiners have asked the government to clarify if they can pay Iran for crude in euros after the National Iranian Oil Company requested settlement of some debts through a Turkish bank.

New Delhi, November 7, 2013
Tough Western sanctions which have slashed its exports in half are driving Tehran to increasingly desperate measures to keep oil flowing. Iran already offers 90 days' credit on crude sales to Indian refiners while most other producers stick to 30 days' credit.

New Delhi, September 13, 2013
Iran had in July agreed to take payments for oil it sells to India entirely in rupees. However, it reverted soon after to the old system of taking only 45 per cent of the payments due in rupees.

Anilesh S. Mahajan
September 18, 2013
Iran gives 90 days credit to Indian oil companies and its crude is cheaper than that from Saudi Arabia and Iraq. It also accepts some payments in Indian currency.

Mumbai, November 2, 2011
Reserve Bank Deputy Governor H R Khan calls for special efforts to drive up exports so that this will not deteriorate further.

Mumbai, August 2, 2011
Under the payment settlement, Indian oil importers will open rupee accounts in Union Bank of India in New Delhi, which will route euro payments to the Turkish state-run bank Turkiye Halk Bankasi (Halkbank) in Istanbul.

New Delhi, August 1, 2011
India has made its first payment in more than five months for crude oil its buys from Iran when a $100 million wire-transfer by Mangalore Refinery and Petrochemicals Ltd (MRPL) was received by Tehran via Turkey.

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