scorecardresearchRupee trade with Russia to gain pace as SBI agrees to be facilitating bank: Report

Rupee trade with Russia to gain pace as SBI agrees to be facilitating bank: Report

Updated: 15 Sep 2022, 11:02 AM IST
TL;DR.
After this new mechanism is put in place, exports to Russia may rise by $5 billion
Payments for exports to Russia has taken place using alternative currencies such as the Chinese yuan or the dirham since February

Payments for exports to Russia has taken place using alternative currencies such as the Chinese yuan or the dirham since February