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View Full Version : India Said to Pay in Euros for Iranian Oil Due to Rupee Hurdles - Bloomberg



NewsWhore
07-04-2012, 11:30 PM
India Said to Pay in Euros for Iranian Oil Due to Rupee Hurdles (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGWD3Xi8S54RFg0iLNFjJdkgVjEdA&url=http://www.bloomberg.com/news/2012-07-05/india-said-to-pay-in-euros-for-iranian-oil-due-to-rupee-hurdles.html)
Bloomberg
While some payments have been made in rupees, they are more difficult after India barred Tehran-based Parsian Bank from opening a branch in Mumbai and because the rupee can't be directly converted overseas to other currencies, the people said, asking ...

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