RBI move affecting trade with Iran: Khullar
www.livemint.com / www.livemint.com
30-Jan-2011 (one comment)

New Delhi: The Reserve Bank of India (RBI) clamp down on the main conduit used for settling trade transactions with Iran has affected trade with the Persian Gulf nation, commerce secretary Rahul Khullar has said.

RBI had last month disbanded a mechanism of using central banks in the region to settle payments for imports and exports from Iran and in absence of an alternate system, the $13.4 billion trade between the two nations is impacted.

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Simorgh5555

Sanctions are biting the Terrorists ass!

by Simorgh5555 on

It just couldn't be more easier. Just stop the flow of crude oil from the occupying terrorist regime of Iran and it works miracles! This is what the West should have done years ago. India must be offered an alternative market for its crude oil as soon as possible. 


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