India wanted to ditch the US dollar and buy oil in rupees. No seller wanted to get involved.
A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, IndiaAP Photo/Aijaz RahiIndia's efforts to achieve increased...
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India wanted to ditch the US dollar and buy oil in rupees. No seller wanted to get involved.
A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, IndiaAP Photo/Aijaz RahiIndia's efforts to achieve increased...
Currency clashes sour Russia’s oil trade with Asia
By Elena Fabrichnaya, Nidhi Verma and Dmitry ZhdannikovMOSCOW/DELHI (Reuters) - One of Russia's most lucrative oil trade routes since the...
GCC investors could bet on the UK property market to hedge their future
GCC investors could bet on the UK property market to hedge their future The UK property market, renowned for its...
A Strong Dollar and Rising Oil Prices
Index Definitions S&P 500 Index: The Standard & Poor's (S&P) 500 Index tracks the performance of 500 widely held, large-capitalization...
India Urges Banks to Use Rupees, Durhams in UAE Trade
India's central bank is asking lenders to promote local currencies when trading with the UAE, Reuters reported. The idea is...
India Uses Rupees to Buy Oil From the UAE
India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars....
More Oil Sales Move to Non-Dollar Currencies
Oil has been priced in dollars for decades, one of the few predictable relationships in a commodity market that can...
