Sept. 20, 2018

India’s strategy to balance trade relations

The US sanctions on Iran will be effective from November 4 which has blurred the trade picture for India. According to the sources, from 4th November, all the money transactions by India to Iran will be in rupee using UCO and IDBI banks. Also, India is planning on cutting its oil purchase from Iran, otherwise, without the sanction waiver India will be cut off the US financial system.

   Read More About : India Iran Oil and Gas US Sanctions
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