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Trade between Russia and India stood at $9.4 billion in the financial year 2021-22 so far, up from $8.1 billion in FY 2020-21. India relies on imports of crude oil, petroleum products, gold and other precious metals, precious stones, coal, fertilisers, etc from Russia. In addition, India also imports 60-70 per cent of its military equipment from Russia. — Twitter

RBI spells out re-settlement terms

The RBI said that authorised banks would need to take its permission before instituting the rupee trade settlement mechanism

12 Jul 2022 9:47 AM


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