India Starts De-Dollarisation With Gulf Exporters To Accept Rupees For Crude – IOTW Report

India Starts De-Dollarisation With Gulf Exporters To Accept Rupees For Crude

GGI:

It seems that India is now seeking a similar agreement with Gulf crude exporters, four months after its government rejected efforts from Russian oil corporations to pay for Russia’s crude supplies in Chinese yuan.

According to three executives at the processors, the Reserve Bank of India (RBI) has requested that the nation’s principal state-owned refiners pressure Persian Gulf suppliers to take at least 10% of oil payments in rupees for the upcoming fiscal year. more

4 Comments on India Starts De-Dollarisation With Gulf Exporters To Accept Rupees For Crude

  1. Take that, Putin!! .. Now arent you sorry you started that BRUTAL, ILLEGAL, UNPROVOKED INVASION of an area that was almost 100% pro Russian and was in fact pleading for you to intervene

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