Indian tea exporters are getting interest from the United Arab Emirates and sanctions-hit Russia and Iran to pay in rupees, a nod toward the government’s plan to settle international trade in the local currency. Buyers from those countries are keen to pay rupees for Indian shipments, said PK Bhattacharya, secretary-general of the Tea Association of India, an industry group that mainly represents producers in northern regions. This follows the central bank’s push to internationalise the currency, he added. “With Russia, it might see the light of the day sooner, but for other countries it might take more time,” Bhattacharya said. The Reserve Bank of India in July announced a plan to allow ove
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