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Dec 07, 2018 02:36 PM IST | Energy

India to buy Iranian oil in rupees: Here's how the agreement will work

The agreement of buying oil in rupees will help strengthen the rupee as India will not need US dollars to import the oil.
India, according to Reuters, has given the responsibility to UCO Bank to route the payment as it has no exposure to the US financial system.
India to buy Iranian oil in rupees: Here's how the agreement will work
Published Date: Dec 7th, 2018 02:36 PM | Updated Date: Dec 07, 2018 02:36 PM IST

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