EghtesadOnline: Exporters of Indian basmati rice to Iran are keeping their fingers crossed waiting for the picture to clear after US President Donald Trump reimposed sanctions on Tehran.

EghtesadOnline: Indian rice exporters have decided to ship basmati rice to Iran only against a letter of credit (LC), or cash due to non-payment of dues amounting to Rs700 crore amid a currency crisis in the Persian Gulf nation, The Economic Times reported.