India Looking to Avoid Iran Oil Embargo
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by News Editor
Indian PM Manmohan Singh, former President George W. Bush and Brazilian President Lula da Silva. Photo: wiki commons.
WSJ – NEW DELHI – India is considering several options to settle its oil import bills with Iran, including paying in rupees, a top central bank official said Monday, as the South Asian nation maintained its stance of continuing oil trade with Tehran.
“There are different [payment] options which are being evaluated,” Reserve Bank of India Deputy Governor H.R. Khan told reporters in New Delhi, without disclosing the other possible options.
