India seeks more trade with Iran to contain rupee crisis

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Payment issue for Iranian oil by India remains unresolved. New Delhi is still trying for 100% payment in Indian Rupees. Tehran is unlikely to agree. It cannot utilise those Rupees to make purchases. More than 3 billion dollars have already accumulated in its Rupee account in India. Iran wants majority of payment to be in Russian Rouble, Chinese Yuan or Japanese Yen.

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