India to import Iranian oil using rupee payment mechanism  Economic TimesNEW DELHI: India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday ... Read more htt …

Times of IndiaAfter US relief, India works to pay for Iran oil in rupeesTimes of IndiaNEW DELHI: With the US granting a 180-day exemption on Iranian oil sanctions to India ahead of the restrictions kicking in from Monday, India and Iran are finalising deta …

Economic TimesUS agrees to grant India waiver from Iran sanctionsEconomic TimesNew Delhi: The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side decided to cut oil imports from Tehran by about a third in 2018-19, source …

Economic TimesIndia to continue Iranian oil imports post US sanctionsEconomic TimesNEW DELHI: In the first clear indication of India's willingness to continue trade with Iran despite US sanctions, state refiners have contracted import of 1.25 million t …

Business StandardUco Bank sees 50% drop in deposits from Iran oil importersEconomic TimesIt had gained substantial interest-free deposits, estimated to be around Rs 15,000 crore as frozen payments for oil imports from Iran were parked in rupee-denominated …