Highlights

  • Reports: The RBI is also likely to come up with a plan soon, and has collected information from Indian banks
  • Direct trade with Russia would reduce cost on commodities for India

Latest news

BJP's Sameer Rajurkar elected as Chhatrapati Sambhajinagar mayor

BJP's Sameer Rajurkar elected as Chhatrapati Sambhajinagar mayor

Assam CM terms charges by Congress leaders as 'malicious'; files Rs 500 cr defamation case

Assam CM terms charges by Congress leaders as 'malicious'; files Rs 500 cr defamation case

Speaker Om Birla asks LS secy gen to examine oppn notice for moving resolution for his removal

Speaker Om Birla asks LS secy gen to examine oppn notice for moving resolution for his removal

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BJP trumps Congress to win Chandrapur mayor’s post with Sena (UBT) support

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Oppn submits notice against speaker, accuses Om Birla of acting in 'blatantly partisan manner'

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FELA Launches "FELA News"- A Comprehensive Digital News Platform Covering India, World & Beyond

ED issues fresh summons to Anil Ambani, wife in money laundering case

ED issues fresh summons to Anil Ambani, wife in money laundering case

Goldman Sachs upgrades India's 2026 GDP growth to 6.9%, cuts current account deficit outlook after India-US trade deal

Goldman Sachs upgrades India's 2026 GDP growth to 6.9%, cuts current account deficit outlook after India-US trade deal

India to bypass sanctions on Russia? Rupee to Ruble trade likely

The government may soon give the green light to bilateral trade between Russia and India

India to bypass sanctions on Russia? Rupee to Ruble trade likely

India may be taking a step forward towards Putin as reports indicate the govt is working on a bilateral trade system with Russia that will bypass the sanctions.

Also read/watch | Bitcoin in war: U.S. to impose sanctions on cryptocurrencies?

Reports indicate that the government may soon give the green light to bilateral trade between Moscow and New Delhi to be conducted directly in Ruble-Rupee. This would bypasses the ban Russia is facing fromthe international payments system SWIFT.

Also read/watch | EJ Explains: Why in the Russia-Ukraine war, economic sanctions may not work

“The finance ministry and the RBI will take a call on how to peg the two currencies,” a senior government official told Business Standard .

Also read/watch | Russia Ukraine Crisis: How Bitcoin and other crypto becoming critical in the war

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India to bypass sanctions on Russia? Rupee to Ruble trade likely

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