New Delhi: India will soon start settling trade with Russia in rupees as the State Bank of India has agreed to facilitate the process, the president of India's exporter group, Federation of Indian Export Organisations (FIEO), A Shaktivel told reporters on Wednesday.
The trade body's president's remarks come a couple of months after the Reserve Bank of India (RBI) announced a mechanism to settle payments for international trade in rupees, especially for India's exports.
.png?w=600)
