Report: India may double trade with Russia, pay in rupees

NEW DELHI, Nov 14 (PRIME) -- India plans to double trade with Russia, using the rupee for settlements, The Indian Express reported on November 13 citing a protocol of a high level meeting that took place in September.

Earlier in the week, the Indian government allowed use of the rupee in international transactions. According to the protocol, the Trade Ministry said it was ready to support the initiative of a 100% increase of the trade amount with Russia soon, and the rupee use in the payments was seen as an additional stimulus. 

End %%mk/jst%%