India asks refiners to buy dollars, euros to settle Iran oil dues

India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a......

India to pay Iran $900 mn in oil dues

India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation. This payment will be on top of $1.65......

India waits for Iran to open oil payments route, says RBI

India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in installments, Reserve Bank of India Deputy Governor......

Turkish bank unable to process India payments for Iran oil

Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank......