rupee

EghtesadOnline: India, for the first time beyond Bhutan and Nepal, will invest in a foreign country—Iran—through its own national currency rupee to bypass any trouble arising out of impending US sanctions against Iran, which bars the country from dealing in dollars and euros.

EghtesadOnline: India is weighing a rupee -rial payment mechanism for the Chabahar Port project in Iran as it weaves a way around the impending sanctions imposed by the US on the Persian Gulf nation from November 4, to kickstart the port that is considered critical to the country’s geopolitical and trade interests.