Moneycontrol.com | Refiners will pay for Iran oil in rupees after US sanctions kick in: Report Moneycontrol.com As petroleum-related sanctions on Iran come into effect from November 4, Indian refiners will pay for oil in Indian currency using UCO Bank and IDBI Bank, according to a report by The Economic Times. India wants to secure a waiver for imports from the ... Indian refiner cancels Iran oil imports Trump seeks to replace Iranian oil sources for allies Iran oil crisis: OPEC says Tehran 'VERY important' even AFTER US sanctions |