Indian banks should do more to boost rupee-ruble payments

Indian banks should do more to boost rupee-ruble payments – Russian envoy ...News

Russia Today - News

Moscow’s ambassador to New Delhi says the settlement mechanism between the two countries requires some fine-tuning “Extra efforts” are required by Indian banks and companies dealing with Russia to fully utilize the potential of the rupee-ruble payment settlement mechanism, Moscow’s envoy to New Delhi, Denis Alipov, said at an event on Monday. Speaking about trade between the two countries – which has increased significantly in the past year and a half, hitting an all-time high of over $43.8 billion in the first eight months of 2023 – Alipov noted that payment problems still hinder trade. “Some extra efforts are n

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Indian banks should do more to boost rupee-ruble payments – Russian envoy ...News

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