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By Elena Fabrichnaya, Nidhi Verma and Dmitry ZhdannikovMOSCOW/DELHI (Reuters) - One of Russia's most lucrative oil trade routes since the...

The country's highest-value banknote will be withdrawn by the end of September - $3 billion worth of which is still...

Dollar dumped? India buys 1M barrels of UAE oil using rupees instead of USD for the first time — why...

Story continues below Advertisement India and Saudi Arabia have begun discussions on settling their trade in local currencies, officials from the...

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De-dollarization was a closely watched topic amid the BRICS summit last week. But BRICS nations appear divided on the issue,...

Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of "de-dollarization"...

Johannesburg, South Africa – For 80 years, the United States dollar has dominated all other currencies. But a grouping of...

The bloc of emerging market nations known as BRICS—which currently includes Brazil, Russia, India, China, and South Africa—is expanding its...

South African President Cyril Ramaphosa with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva, President of China...